Kingsway Financial Services Inc. (TSX:KFS) announced on Friday that its president and CEO, Colin Simpson, will resign on June 30, 2010 to pursue other career interests.

Simpson’s resignation comes after he substantially completed the downsizing and restructuring of the Kingsway Group.

Larry Swets, who is currently the company’s executive vice-president of corporate development, will take over the role of president and CEO. Simpson will remain on the company’s board of directors.

“We thank Colin for his dedication and hard work, and we are pleased that he has agreed to continue to work with us on the board,” commented Kingsway’s chairman Spencer Schneider. “We look forward to working with Larry in his new role.”

IE