Revenues before taxes were ISK 20.3 billion ( EUR 279 million) in the first three months of 2007 a 7.9 percent increase compared with the same period in 2006.
The Board of Directors of American Community Mutual Insurance Company named Arthur O. Dummer, Chairman of The Board, and Michael E. Tobin as the company’s new President and Chief Executive Officer, effective immediately. Also, John C. Colpean was elected to the position of Board Member.