Balboa Hires Industry Vets

Balboa Insurance Group, a provider of lender-placed hazard insurance, has hired three industry veterans to help support and expand its collateral protection and insurance businesses.Balboa named Mark DeLoach executive vice president for financial institution products. Prior to joining Balboa, Mr. DeLoach spent 12 years at JP Morgan Chase & Co. in positions including head of product management and head of product development for Chase Insurance Group. He previously spent 16 years with Assurant. Gary Flowers, who brings 15 years of experience at ACS, has been named executive vice president for sales and marketing. And David Lipps, previously a senior vice president at Aegon Direct Marketing Services, has been named senior vice president for sales and product development. In addition to lender-placed hazard and auto insurance, Balboa offers collateral protection, life, credit & debt, warranty, and specialty insurance products to financial institutions. The company can be found online at http://www.balboainsurance.com.