Protective Insurance Corporation appointed Jeremy D. Edgecliffe-Johnson to serve as the Company's Chief Executive Officer (“CEO”) and to serve as a member of its Board, effective May 22, 2019. Mr. Edgecliffe-Johnson will also become the Company's principal executive officer effective as of May 22, 2019. Mr. Edgecliffe-Johnson, age 48, most recently served as President, U.S. Commercial of American International Group Inc. (“AIG”) from February 2016 to December 2017, with responsibility for underwriting, operations, claims and distribution in the U.S., Canada, Brazil, Mexico and Puerto Rico.

He served as Chief Executive Officer and President of Lexington Insurance Company, AIG's excess and surplus lines unit, from February 2013 to December 2017. The Board, upon the recommendation of the Nominating and Governance Committee of the Board, appointed Stephen J. Gray to serve as a director, effective immediately.   Mr. Gray will serve for a term expiring at the Company's 2020 annual meeting of shareholders and until his successor is elected and has qualified. Mr. Gray has served as a director and consultant for SRC Holdings Corporation.

From 1983 until 2007, Mr. Gray served in several executive roles with divisions of BMO Harris Bank, N.A., including Vice President of Commercial Banking and Senior Vice President of Commercial Mid-Market & Institutional Markets. In addition, he served as President and CEO of Harris Bank, Glencoe from 1999 until 2003. Mr. Nichols continues to serve as Chairman of the Board.

Effective May 22, 2019, Mr. Nichols is eligible to participate in the non-employee director compensation arrangements described in the Company's definitive proxy statement filed with the Securities and Exchange Commission on April 5, 2019. On May 22, 2019, Mr. Nichols will receive a pro-rated annual director equity grant.