On August 30, 2016, Baldwin & Lyons Inc. announced that William C. Vens, has been appointed as the Company's Chief Financial Officer, effective immediately. Mr. Vens joined the Company in June 2014 as Managing Director Finance and after that served as Vice President of Strategy and Planning from June 2016 to the present, which includes management of the Company's reinsurance and actuarial teams. Prior to joining the Company, Mr. Vens served as Chief Financial Officer of HighWave Energy Inc. from 2011 to May 2014. Mr. Vens served in Merrill Lynch & Co.'s investment banking division from 2002 to 2011, specializing in insurance company advisory and financing transactions.

As a result of Mr. Vens' appointment as Chief Financial Officer, Douglas Collins, who had served as the Company's interim Chief Financial Officer since May 17, 2016, will be continuing with the Company as Vice President of Finance and Accounting of its main subsidiaries Protective Insurance Company, Sagamore Insurance Company, and Protective Specialty Insurance Company. On August 30, 2016, Company also announced that Chief Executive Officer W. Randall Birchfield, has been appointed to the additional role as the Company's President, which appointment is effective as of July 13, 2016. Mr. Birchfield joined the Company in September 2013 serving as the Vice President of Underwriting.

In April 2014, he was promoted to Executive Vice President of Sales and Underwriting. Mr. Birchfield was appointed as Chief Executive Officer and was elected as a member of the Board on May 17, 2016. Prior to joining the Company, Mr. Birchfield served in a variety of capacities within the property and casualty insurance industry with Allstate Insurance Company, Farmers Insurance Company, American International Group and Progressive Insurance Company, most recently as Vice President Auto Line Management at Allstate Insurance Company from 2011 until September 2013.