CAPAX Management & Insurance Services and Pan American Underwriters Join Forces in Stockton.STOCKTON Stockton, city (1990 pop. 210,943), seat of San Joaquin co., central Calif., on the San Joaquin River; inc. 1850. One of the fastest-growing U.S. cities during the late 20th cent., Stockton is an inland seaport located at the head of the San Joaquin delta. , Calif.--(BUSINESS WIRE)--Nov. 13, 1997--CAPAX Management & Insurance Services and Pan American American, river, 30 mi (48 km) long, rising in N central Calif. in the Sierra Nevada and flowing SW into the Sacramento River at Sacramento. The discovery of gold at Sutter's Mill (see Sutter, John Augustus) along the river in 1848 led to the California gold rush of Underwriters announced the merging of their Stockton offices. Steve Martin Noun 1. Steve Martin - United States actor and comedian (born in 1945) Martin and the Pan American Underwriters staff are relocating to offices of the Mattucci Maxwell Insurance Agency branch of CAPAX, which is located at 2800 W. March Ln., 2nd Floor, Stockton, Calif. 95267. This union will provide clients with an expanded portfolio of insurance products and continued superior customer service. Both companies will share resources, insurance products and office space. ``This is a positive move for both CAPAX and PAU,'' said Martin, vice president of Pan American Underwriters. ``The customers from both companies will benefit from our strong association and the move will allow our companies to more quickly develop joint business opportunities.'' ``I look forward to strengthening our alliance with Pan American,'' said Joel W. Geddes, chief executive officer of CAPAX. ``This move has been a natural opportunity to leverage our distribution since Pan American's parent company invested in CAPAX in April. ``Our partnership in Stockton will allow us to increase our resources for both offices and strengthen our customer base. More than ever, it is important to lower distribution costs distribution costs distribute npl → Vertriebskosten pl and pass the benefits to our customers.'' CAPAX is a leading management consultant, pension administrator, and insurance brokerage in California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). . Its headquarters is located in Modesto, Calif., with additional offices in Sacramento, Stockton and Lodi Lodi, city, Italy Lodi (lô`dē), city (1991 pop. 42,250), Lombardy, N Italy, on the Adda River, near Milan. It is an important dairy and light industrial center. , Calif. Pan American Underwriters is a member of the PAULA Financial group of companies. PAULA Financial is a community of financial- service and insurance companies based in Pasadena, Calif., specializing in employee-benefits products for rural markets throughout the West. CONTACT: PAULA Financial, Pasadena Andrew M. Slavitt, 626/304-1254 |
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