Argonaut Group Announces Formation of a New Captive Business Unit, Captive Advisory Services Inc.Business Editors SAN ANTONIO--(BUSINESS WIRE)--Feb. 28, 2002 Argonaut Group, Inc. (Nasdaq:AGII) today announced the formation of a new captive business unit, Captive Advisory Services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal Inc. Captive Advisory Services Inc. (www.captiveadvice.com) provides independent and expert advice to companies interested in utilizing a captive insurance program and coordinates the underwriting, actuarial, tax, and legal services legal services n. the work performed by a lawyer for a client. required for the structuring of a captive program. Captive Advisory Services Inc. is lead by Kate Westover as President. Ms. Westover brings over fifteen years expertise in the captive insurance industry in both property/casualty and employee benefit program captives. Prior to the formation of Captive Advisory Services Inc. on January 18, 2002, Ms. Westover was Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of Strategic Risk Solutions Vermont, a captive management subsidiary of Strategic Risk Solutions ("SRS SRS, SRS-A see slow-reacting substance. "), a Credit Suisse Group company. Prior to that, she served as President of American Risk Management, now part of AON. Mark E. Watson III, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Argonaut Group, Inc. said, "The formation of Captive Advisory Services Inc. is the natural progression of our service model for our customer base. In an environment where customers are examining all insurance alternatives, Captive Advisory Services will provide Argonaut Group's clients with expert analysis of their alternative risk financing The introduction to this article provides insufficient context for those unfamiliar with the subject matter. Please help [ improve the introduction] to meet Wikipedia's layout standards. You can discuss the issue on the talk page. options. With Kate Westover as President, we are now in a position to bring years of expertise in the captive insurance industry to our customers." Argonaut Group is a national provider of specialty insurance products focused on high-quality customer service for specific niches of property-casualty insurance. The Company has superior financial strength with assets in excess of $1.8 billion, no debt, and financial strength of its principal subsidiary rated "A (Excellent)" by A.M. Best and "A" by Standard & Poor's. Argonaut Group is traded on NASDAQ's National Market System, ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors AGII. More information can be found on their website at www.argonautgroup.com. |
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