CHICAGO--(BUSINESS WIRE)--Atlas Financial Holdings, Inc. (NASDAQ:AFH) (“Atlas” or the “Company”) announced today that it added an additional independent director, Mr. Wally Walker, to the Company’s Board.
Mr. Walker served as a Vice President in Goldman, Sachs & Co.’s Private Client Services group from 1987 through 1994. In April 1994, Mr. Walker formed Walker Capital, Inc., a San Francisco based money management firm. In September of that year, Mr. Walker became President and General Manager of the Seattle SuperSonics and also became President of the Seattle Storm beginning in 2001. He was President, Chief Executive Officer, and an owner of the teams until their sale in 2006. In late 2007, he formed Hana Road Capital LLC, where he remains its owner and Chief Investment Officer.
Mr. Walker graduated from the University of Virginia in 1976, having received several academic awards and scholarships as well as MVP recognition in the ACC tournament. He is currently a member of the NCAA Honors Committee. After graduation, he played for the Portland Trailblazers and the Seattle SuperSonics and was a member of their Championship teams in 1977 and 1979, respectively. He later played for the Houston Rockets until his retirement from professional basketball in 1985. Mr. Walker received an MBA from Stanford University in 1987 and received his CFA certification in 1992.
Since 2005, Mr. Walker has been a member of the Advisory Council of Stone Arch Capital, a Minneapolis based private equity firm. Mr. Walker also serves as an independent trustee at Smead Capital Management, a Seattle based mutual fund. Previously, he served on the Board of Visitors at the University of Virginia.
Atlas Chairman Gordon G. Pratt said, “We are so pleased to welcome Wally Walker, an engaged and supportive Atlas shareholder for many years, to our Board of Directors. Wally brings to us a unique business and financial perspective earned and demonstrated through his career as a manager, owner, and custodian of collaborative and competitive enterprises.”
Wally Walker commented, “I have long been impressed with the strategy and execution discipline at Atlas Financial Holdings, Inc. The Company has great potential and I hope to represent shareholders well in helping Atlas realize that potential.”
The primary business of Atlas is commercial automobile insurance in the United States, with a niche market orientation and focus on insurance for the “light” commercial automobile sector including taxi cabs, non-emergency para-transit, limousine/livery (including certain transportation network company drivers) and business auto. The business of Atlas is carried on through its subsidiaries American Country Insurance Company, American Service Insurance Company, Inc., Gateway Insurance Company, Global Liberty Insurance Company of New York and Anchor Group Management, Inc. Atlas’ insurance subsidiaries have decades of experience with a commitment to always being an industry leader in these specialized areas of insurance.
For more information about Atlas, please visit www.atlas-fin.com.
This release includes forward-looking statements regarding Atlas and its insurance subsidiaries and businesses. Such statements are based on the current expectations of the management of each entity. The words “anticipate”, “expect”, “believe”, “may”, “should”, “estimate”, “project”, “outlook”, “forecast” or similar words are used to identify such forward looking information. The forward-looking events and circumstances discussed in this release may not occur and could differ materially as a result of known and unknown risk factors and uncertainties affecting the Companies, including risks regarding the insurance industry, economic factors and the equity markets generally and the risk factors discussed in the “Risk Factors” section of the Company’s 2016 Annual Report on Form 10-K. No forward-looking statement can be guaranteed. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and Atlas and its subsidiaries undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.