Donegal Group (DGI) (DGICA) (DGICB) announced that Donald H. Nikolaus, the chairman of the board, president and chief executive officer of DGI, which was founded in 1986 as a downstream holding company for Donegal Mutual Insurance Company (DMIC), returned, effective July 16, 2015, from a temporary medical leave of absence.
During that temporary medical leave of absence, Kevin G. Burke served as Acting Chief Executive Officer of DGI while Mr. Nikolaus continued to serve as Chairman of the Board and President of DGI.
Upon the recommendation of Mr. Nikolaus, DGI’s Board of Directors on July 16, 2015 appointed Mr. Burke as DGI’s President and Chief Executive Officer to succeed Mr. Nikolaus in those capacities. Mr. Nikolaus continues to serve as Chairman of the Board of DGI and as President and Chief Executive Officer of a number of DGI’s subsidiaries.
Mr. Nikolaus advised the members of the DGI Board of Directors that the Board of Directors of DMIC, at a meeting also held on July 16, 2015, had approved the resumption by Mr. Nikolaus of his service as Chief Executive Officer of DMIC.
DMIC’s ownership of DGI Class A common stock and Class B common stock provides DMIC with approximately 65% of the aggregate voting power of DGI stock.
Donegal Group is an insurance holding company with insurance subsidiaries offering personal and commercial property and casualty lines of insurance in 21 Mid-Atlantic, Midwestern, New England and Southern states.
The insurance subsidiaries of DGI and Donegal Mutual Insurance Company conduct business together as the Donegal Insurance Group.