Enhance Group taps Gross to succeed Sellers as president and CEO.

Daniel J. Gross has been named president and chief executive officer of Enhance Financial Services Group Inc., effective Jan. 1, 1995, the firm announced yesterday.

Gross will succeed current president and chief executive officer Wallace O. Sellers, who will become vice chairman. Earlier this year, Sellers announced his intention to relinquish the posts by the end of 1994.

"Dan Gross is one of the most highly respected executives in the financial guaranty insurance industry," Sellers said in a prepared statement. "He's the right person to assume the helm at Enhance Group and to help it continue to realize its potential as a leader in the analysis of credit risk."

Enhance Financial Services, known as Enhance Group, is the holding company for Enhance Reinsurance Co., Asset Guaranty Insurance Co., and Guaranty Risk Services Inc.

Gross was one of the founders of Enhance Group in 1986 and currently serves as an executive vice president. He also holds the title of chief operating officer of Enhance Reinsurance Co.

Before the founding of Enhance, Gross was president of Daniel J. Gross & Associates, a consulting firm, and co-founder and chairman of F.G. Holding Co., a life insurance holding company.

Also yesterday, Enhance Group's board of directors declared its regular quarterly dividend of eight cents per share, payable on Sept. 30 to shareholders of record as of Sept. 26.

On the New York Stock Exchange yesterday, shares of Enhance Group closed up 1/8 points at 19 3/8.

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