Atlas Financial Appoints Ronald Konezny to Its Board of Directors

CHICAGO--()--Atlas Financial Holdings, Inc. (NASDAQ: AFH) (“Atlas” or the “Company”) announced today that it added an additional independent director, Ronald Konezny, to the Company’s Board.

Mr. Konezny is currently the CEO and a director of Digi International (NASDAQ: DGII), a leading provider of Internet of Things solutions to industrial and commercial clients worldwide. During his tenure as Chief Executive, profitability has improved to sustainable double-digit levels, recurring revenue business has expanded, and multiple successful acquisitions have been completed.

Prior to joining Digi, Mr. Konezny co-founded PeopleNet, a leading provider of telematics solutions, professional services, and analytics to the North American transportation industry. Under his leadership, PeopleNet grew from a start up to a leader in North American fleet management solutions and ultimately was acquired by Trimble Navigation Limited (NASDAQ: TRMB). Subsequent to the acquisition, as an executive of Trimble, Mr. Konezny lead organic growth of more than 20% annually, expanded operating margins and successfully orchestrated several acquisitions to build the Transportation & Logistics franchise.

Mr. Konezny graduated with honors from Northwestern University with a BA degree in Economics and was a Phi Eta Sigma nominee.

Atlas Chairman Gordon G. Pratt said, “We are so pleased to welcome Ronald Konezny to our Board of Directors. An early pioneer and entrepreneur in technology applied to in-vehicle operations, Ron brings a wealth of experience. He has served as an executive and a director, and his strong technical perspective is a valuable asset both for Atlas’ current business and for our future.”

About Atlas

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, Anchor Group Management, Inc., Plainview Premium Finance Company, Inc., and Plainview Premium Finance Company of California, 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.

Forward-Looking Statements:

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 2017 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.

Contacts

At the Company
Atlas Financial Holdings, Inc.
Scott Wollney, CEO
847-700-8600
swollney@atlas-fin.com
www.atlas-fin.com
or
Investor Relations
The Equity Group Inc.
Adam Prior, Senior Vice President
212-836-9606
aprior@equityny.com
www.theequitygroup.com

Contacts

At the Company
Atlas Financial Holdings, Inc.
Scott Wollney, CEO
847-700-8600
swollney@atlas-fin.com
www.atlas-fin.com
or
Investor Relations
The Equity Group Inc.
Adam Prior, Senior Vice President
212-836-9606
aprior@equityny.com
www.theequitygroup.com