CIFG Appoints Board Chairman

CIFG Holding, the holding company for CIFG's financial guaranty subsidiaries, named Richard A. Price, Jr. non-executive chairman of the board of directors of the firm. Price will be responsible for developing long-term strategy to build CIFG's franchise and work with CIFG's senior management to maximize shareholder value. The new appointee most recently served as chief executive officer of Zurich Capital Markets and Centre Re, both wholly-owned subsidiaries of Zurich Financial Services. Previously, Price was founder and chief executive officer of CGA Group, which is a Bermuda-based financial guarantor.