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 LOS ANGELES, Aug. 26 /PRNewswire/ -- Minet Insurance Services, Inc. continues its expansion into the California market with the opening of a new Los Angeles office, it was announced today.
 The move comes on the heels of Minet's acquisition of San Jose-based COMPRO Insurance Services, Inc. last month.
 Minet, which is part of the London-based Minet Group, is one of the world's premier providers of specialty insurance and reinsurance brokerage and risk management services to the financial, professional, construction services, technology and energy industries.
 Last year, Minet announced its intention to strategically expand its operations throughout North America, especially California, by focusing its specialty brokerage and risk management operations in key metropolitan areas. Since then the company has opened new facilities in, in addition to Los Angeles, Houston, Atlanta and Calgary (Canada).
 It also has offices in Montreal, Toronto, San Francisco and New York.
 "The fact that we have opened a new office in downtown Los Angeles underscores our commitment to the California market," John Hartman, chief executive officer for Minet's North America Retail insurance brokerage unit, said. "At a time when many companies in the insurance brokerage industry are downsizing, we are fortunate to be able to expand and build on our specialty practices, both through acquisition and through hiring whole teams of hand-picked people."
 Minet's Los Angeles office is located in the First Interstate Bank Building at 633 West Fifth St. It now employs 28 professionals and is the Western region headquarters for three of Minet's specialty practices. These include Minet's energy and marine business headed by Senior Vice President Michael Thomas Newman, Minet's financial services practice headed by Senior Vice President William D. Sanders, and the company's construction services business headed by Senior Vice President Kenneth N. Ryan. Mr. Ryan has just joined Minet and has already assembled a new team of nine specialists in the construction services industry to work with him.
 Minet's Los Angeles office also includes a risk management advisory unit and employs an environmental affairs specialist.
 Minet is the world's eighth largest insurance broker and fifth largest reinsurance broker. It is part of a global network with more than 3,500 employees at 125 offices in 32 countries.
 Minet Group is wholly owned by The St. Paul Companies (NYSE: SPC).
 -0- 8/26/93
 /CONTACT: Nancy Oblinger of Minet, Inc., 212-455-8303, or Selden Sutton of Padilla Speer Beardsley Inc., 212-752-8338/

CO: Minet Insurance Services, Inc. ST: California, New York IN: INS SU:

SM-MP -- NY052 -- 6324 08/26/93 16:00 EDT
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Publication:PR Newswire
Date:Aug 26, 1993

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