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Southport Lane Chief Strategist Alexander Burns Appointed to SABIR Board
NEW YORK --(Business Wire)--
Southport Lane, a New York-based private equity firm, today announced
that Chief Strategist Alexander Burns has been appointed to the board of
directors of SABIR, the States Alliance for Balanced Insurance
Regulation.
SABIR works to protect and pursue the interest of the insurance industry
as a whole, focusing on small and medium-sized insurers and other
interested companies, organizations and individuals. The group's
objective is to oppose federal regulation of the insurance industry
while working to improve and strengthen state regulation of the
insurance sector.
"As the insurance industry continues to face regulatory pressure and the
potential introduction of federal oversight, it is important that
members of the industry work together to strengthen the established
state-run structure that has served the sector well for years," said
Burns. "I am honored to join this prestigious group and look forward to
woking with its members."
Founded in 2010, SABIR is chaired by Ernst Csiszar, Director with Bridge
Strategy Group and former President of the National Association of
Insurance Commissioners (NAIC), as well as Chief Executive Officer of
the Property Casualty Insurers Association of America (PCI (News - Alert)). Hon. Barry
Goldwater Jr., a former Republican member of the United States House of
Representatives from California, serves as President, and David Bass,
President and CEO of Raptor Strategies LLC, based in Washington, serves
as the association's Executive Director.
ABOUT SOUTHPORT LANE
Southport Lane is a private equity firm founded in 2010 with investments
in insurance and reinsurance. Among the firm's portfolio investments is
Southport Re, platform for Alternative Risk Transfer activities and
Redwood Reinsurance SPC, Ltd. The firm is headquartered at 350 Madison
Avenue and has total capital commitments in excess of $1 billion.
ABOUT SABIR
SABIR, founded in 2010, is a non-profit that educates and advocates on
Capitol Hill, around Washington, D.C., and within the insurance industry
for improvements to continued state based regulation and against an
increasingly overreaching federal government. Member companies hail from
a diverse array of insurance and reinsurance backgrounds, including but
not limited to those of life, auto, health and medical malpractice.
SABIR is based in Washington, D.C. and its membership is represented by
firms with annual revenues in excess of $6 billion. For more information
visit www.sabir-us.org.
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