1347 Property Insurance: Joshua Horowitz Added to Board

1347 Property Insurance Holdings has named Joshua S. Horowitz to the Company's Board of Directors.

According to a company release, Horowitz will serve as an independent director. Separately, Hassan R. Baqar, will not be standing for re-election to the Company's Board of Directors in the coming term.

Gordon G. Pratt, Chairman of the Board, said, "We welcome Josh to the Company's Board of Directors. His broad knowledge of the capital markets and experience in asset management will play a large role in his contribution to the Board. Josh's ability to evaluate and analyze value oriented opportunities, which he has done for many years, will make a great addition. We also want to thank Hassan for his support and service to our Board. We all benefitted from his counsel and expertise during the formation of PIH."

Since January 2012, the company noted, Horowitz has served as a managing director of Palm Ventures a private investment firm, where he focuses on investments in the public markets and helps oversee the Palm Global Small Cap Master Fund. Previously, Horowitz served as Director of Research of Inverlochy Capital, a value focused asset management firm that offers accounts to private and institutional clients.

Horowitz stated, "I am looking forward to joining the Board of PIH, a Company that I feel has a number of potential avenues for growth. The most successful companies that I have studied and invested in are those that can modulate that growth with a keen focus on value creation per share. PIH has the right team and balance sheet in place to execute its plan. I look forward to working with the management team to build shareholder value as the Company continues to expand its geographic presence in additional coastal markets."

More information:

www.1347pih.com

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