What is the latest thought of Kingsway Financial Services Inc.? As per its own assertion, the company is contriving to sell its majority interest in Jevco Insurance Co. In this context, Kingsway stated, "One of the objectives of the transaction is for Jevco\'s financial strength rating to be judged independently of the Kingsway group of companies, which has adversely impacted Jevco\'s current standing."

It is to be noted that Jevco Insurance Co. is engaged in rendering an assortment of person and commercial insurance including automobile, motorcycle, snowmobile and all-terrain vehicles and it was acquired by Kingsway in 1997. Well, Kingsway has already said, subject to regulatory approval, it also has the preparation to renounce control of Jevco and remain a non-influential investor.

Kingsway Financial Services Inc. happens to be one of the largest non-standard automobile insurers and truck insurers in North America based on A.M. Best data that has been compiled by the company itself. Kingsway\'s primary business is the insuring of automobile risks for drivers who do not meet the criteria for coverage by standard automobile insurers and trucking insurance.

The Company, at the moment, functions by means of eleven wholly-owned insurance subsidiaries in Canada and the U.S. Canadian subsidiaries include Kingsway General Insurance Company and Jevco Insurance Company. U.S. subsidiaries include Universal Casualty Company, American Service Insurance Company, Southern United Fire Insurance Company, Lincoln General Insurance Company, U.S. Security Insurance Company, American Country Insurance Company, Zephyr Insurance Company, Mendota Insurance Company and Mendakota Insurance Company. The Company also operates reinsurance subsidiaries in Barbados and Bermuda.

The common shares of Kingsway Financial Services Inc. are listed on the Toronto Stock Exchange and the New York Stock Exchange, under the trading symbol "KFS".