Reinsurance News

FedNat adds Mel Russell as VP of Monarch

28th June 2019 - Author: Staff Writer

Florida-based FedNat Holding Company has appointed Mel Russell as Vice President of its subsidiary Monarch National Insurance, effective immediately.

FedNat HoldingRussell will oversee the relaunch of Monach’s homeowner and condo programs in Florida, and report directly to Michael Braun, FedNat’s President and Chief Executive Officer.

Since 2016, Russell has served as President and CEO of Russell Insurance Consulting in St. Petersburg, Florida.

From 2013 to 2016, he served as Executive Vice President and Chief Underwriting Officer at Heritage Property and Casualty Insurance Company.

He was previously a founding employee and held the titles of Chief Underwriting Officer and President of United Property and Casualty Insurance Company, where he served for 14 years.

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“We are elated to bring Mel on board to lead Monarch,” said Braun. “Mel has extensive underwriting knowledge with over 40 years of experience, 20 of which was in the Florida homeowners market as well as other east coast states.

“His industry experience and extensive agent relationships position Monarch to gain share in the robust Florida homeowners insurance market. We are excited about the opportunity to relaunch our Monarch program with significant updates and enhancements under Mel’s leadership.”

Commenting on his appointment, Russell said, “I look forward to working closely with Mike, the operating team, and partner agents to build Monarch and make the program a strong contributor to FedNat’s future success in the marketplace.”

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