Atlanta-based Assurant Specialty Property, a provider ofcreditor-placed homeowners insurance and related services tomortgage companies, announced John A. Frobose has been namedpresident of the firm's Lending Solutions business.
|He will succeed Gene Mergelmeyer, who was recently promoted topresident of Assurant Specialty Property.
|Mr. Frobose, of Suwanee, Ga., has served as senior vicepresident and hazard product line executive for Lending Solutionssince October 2005, the company said.
|He joined a predecessor company, American Security Group, in1994, and has served in various management positions, includingflood insurance product manager, vice president, mortgage marketproduct management, and national client relationship and hazardbusiness manager.
|Michael Campbell, of San Clemente, Calif., was named senior vicepresident and hazard product line executive, succeeding Mr.Frobose. Mr. Campbell joined Assurant Specialty Property in May2006 after Assurant Specialty Property acquired Safeco Inc.'screditor-placed homeowners insurance business.
|Assurant Specialty Property's Lending Solutions businessprovides hazard and flood insurance tracking, escrow disbursement,loss draft tracking and hazard insurance-related customer serviceto mortgage lenders and their customers.
|The company said it presently tracks a portfolio of more than 30million loans and clients currently include 17 of the top 25 primeloan servicers and 14 of the top 25 subprime loan servicers.
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