Atlantic American appointed Joe Scheerer to the Board of Directors

– USA, GA – Atlantic American Corporation (Nasdaq:AAME) today announced that Joseph M. Scheerer had been elected to the Company’s Board of Directors effective December 8, 2014. Mr. Scheerer is the Principal and Managing Director of Stonybrook Capital based in New York, NY, a merchant banking firm focused on the insurance industry. Holborn Corporation, one of the largest independent reinsurance brokers in the U.S., is an equity partner with Stonybrook.

Mr. Scheerer has been responsible for numerous investment advisory assignments in the insurance industry including corporate restructurings, debt/equity/mezzanine capital raises and mergers/acquisitions. He began his career at Wall Street investment banking firms and moved to specialist advisory boutiques affiliated with large reinsurance brokers. Mr. Scheerer has a Bachelor of Arts in both Economics and International Relations from the University of Pennsylvania.

Commenting on the appointment, Hilton H. Howell, Chairman, president and chief executive officer stated, “We could not be more pleased to welcome Joe to the Board of Directors of Atlantic American Corporation. He brings a wealth of knowledge and experience in the insurance industry which should be of great benefit to our organization. His contributions will be meaningful, deep and well appreciated by our entire Board of Directors.”

Atlantic American is an insurance holding company involved through its subsidiary companies in specialty markets of the life, health, and property and casualty insurance industries. Its principal subsidiaries consist of American Southern Insurance Company, American Safety Insurance Company, Bankers Fidelity Life Insurance Company and Bankers Fidelity Assurance Company.

- DisclaimerNews, data, and statements included in this release are intended exclusively for general information purposes. Talent4Boards does not guarantee that news is accurate or about the correct person and accepts neither liability for the consequences of the reader’s reliance, nor responsibility for the accuracy of the information. Nothing in this release should be considered for decisions about referred securities. Products and brand names may be trademarks or registered trademarks of their respective owners.

Talent4Boards Team