Kingsway Financial Services Inc. today announced the appointments of Denis Cloutier to vice president and chief actuary, Canadian operations, and Tom Duffy to vice president, Kingsway America Inc., and chief actuary, U.S. operations.

Cloutier joined Kingsway Financial over five years ago and has over 24 years of experience in the property and casualty insurance industry, primarily in the personal and commercial lines pricing and reserving, standard and non-standard business. Since joining Kingsway as chief actuary he has been responsible for pricing and reserving activities, working mostly with the company’s Canadian subsidiaries. He is a Fellow of the Casualty Actuarial Society and of the Canadian Institute of Actuaries as well as a Member of the American Academy of Actuaries.

Duffy recently joined Kingsway as vice president, Kingsway America Inc., and chief actuary, U.S. operations and has over 30 years of experience in the property and casualty insurance industry, primarily in the personal and commercial lines pricing, reserving, reinsurance, risk management and financial reporting areas.

Duffy is based in Chicago and will be responsible for reserving and pricing activities for the company’s U.S. subsidiaries. Prior to joining Kingsway, Duffy spent over three years as a consultant in a major actuarial practice advising clients on reserving and pricing issues, and acted as the appointed actuary for several companies. He is a Fellow of the Casualty Actuarial Society and a Member of the American Academy of Actuaries.

“I am pleased to announce the promotion of Denis and to welcome Tom to our group”, said Bill Star, president and CEO, in a news release. “Denis’ promotion to vice president is well deserved and reflects the strong contribution he has made since joining our organization. Tom joins us having gained extensive experience in reserving and pricing in U.S. markets, and am sure he will become a very valuable addition to our executive team.”