WINSTON-SALEM, N.C., Nov. 19, 2013 /PRNewswire/ -- Richard E. "Rick" Fowler has been named president and CEO of AFCO, CAFO and Prime Rate Premium Finance Companies. Mr. Fowler succeeds the late Daryl Zupan, who passed away on Oct. 12, 2013. Mr. Fowler had previously been executive vice president and North American Sales Manager of the three affiliated companies.
"It is a privilege to take the reins of a well-run company that is so admired," said Mr. Fowler, who has more than 40 years of experience in financial services, banking and premium finance. "It was a great pleasure to work with Daryl, and it is important to me that we honor his legacy and carry on the success of this great business. I look forward to furthering our leadership position in the industry by continuing to help insurance brokers and agents grow their business."
Concurrent with the leadership change, Stephen R. Viehe assumes the role of Chief Operating Officer, and David P. Hickey becomes Chief Administrative Officer. "Stephen and Dave are consummate professionals and experienced leaders who are invaluable to the success of our business," said Mr. Fowler of the two executives, both of whom have held leadership positions with the company for several years.
About AFCO, CAFO and Prime Rate Insurance Premium Finance Companies
Insurance agents and brokers turn to AFCO and Prime Rate in the U.S. and CAFO in Canada for insurance premium financing solutions across the spectrum of client needs. Together, the three affiliated companies help make insurance affordable for businesses and individuals while helping insurance agents and brokers better serve insured clients and make the most of cash flow opportunities. Whether the insured business is large or small, AFCO, Prime Rate and CAFO deliver unparalleled experience, expertise and capabilities in premium finance, ranging from high-touch guidance through large, complex transactions to high-tech servicing of personal lines and small-business accounts.
SOURCE AFCO, CAFO and Prime Rate Premium Finance