Executive Biographies

Officers:

Chairman: Irvin F. Diamond
Vice Chairman: Jerome A. Harris
President and Chief Executive Officer: Stuart H. Grayston

Stuart has been a director, President and CEO of the Company since May 2002. He retired as President of USA Risk Group (Bermuda) Ltd. and USA Risk Brokers, Ltd. Previously, he was Vice President and a director of Cedar Management, and founder and President of Grayston Consulting Services. Earlier in his career, he was with Frank B. Hall as President and CEO of the worldwide Alternative Market Division, including captive management operations in Bermuda, Vermont and Colorado; and President of Skandia Insurance Management and Hanna Insurance Management in Bermuda.

Vice President and Chief Financial Officer: Thomas R. McMahon

Tom has been Vice President and Treasurer of the Company since 2008, and President, a director and a shareholder of Citadel Management Bermuda Limited (formerly Cedar Management)  since 2005. He was the Chief Operating Office of CNA Risk Services Ltd. from 1994 to 2005. Since his arrival in Bermuda in 1998, he has been engaged in various aspects of the captive insurance industry from public auditing with PWC to the establishment and management of captive insurance companies.He holds a Bachelor of Commerce (Honors) degree from the University College Galway, Ireland, and is a Fellow of the Institute of Chartered Accountants in Ireland.

Secretary: Malicia V. Bremar
Assistant Secretary: David N. Thompson
President, AmerInst Professional Services, Lt.d.: Kyle Nieman

Kyle is President of AmerInst Professional Services, Ltd. He has over 25 years of experience as a senior executive in the insurance industry. Most recently, he was Senior Vice President of distribution strategy at CNA, where he led the management of agency/broker relationships and cross-sell strategies. His prior experience was in underwriting, where he was responsible for a $250 million portfolio of professional liability business, which included the AICPA-endorsed professional liability insurance program. His career began at Crum & Forster where he held positions in claims and underwriting. He holds a BS degree in Finance from Indiana University and an MBA from the Illinois Institute of Technology.

Chairman Emeritus: Ronald S. Katch

Board of Directors

Irvin F. Diamond

CPA and Senior Principal in REDW Business & Financial Resources, LLC, a public accounting firm, since 1974. He has been a director of the Company since 1999 and Chairman since 2007.

Jeffrey I. Gillman

CPA and President, Gillman, Shapiro & Dillenmuth, P.A. He has served as a director of the Company since 1999.

Stuart H. Grayston

A retired insurance executive. He has been a director, President and CEO of the Company since 2002.

Jerome A. Harris

CPA and Managing Partner of Harris Consulting Group, LLC. He has been a director of the Company since 1998 and Vice Chairman since 2007.

David R. Klunk

CPA and Managing Partner of Reinsel Kuntz Lesher LLP. He has been a director of the Company since 2008.

Thomas B. Lillie

CPA and Director of Lewis & Knopf, PC. He has served as a director of the Company since 2007.

David N. Thompson

Inactive CPA and Chief Executive Officer of E-Insure Services, Inc .He has been a director of the Company since 1998 and Assistant Secretary since 1999.

Amerinst  Insurance  Group,  LTD. /// Providing  Protection  for   Generations  of  Professional  Firms