Argonaut Workers’ Comp Unit Names New Executives

October 10, 2002

Argonaut Insurance Company, a Stamford, Conn.-based unit of the Argonaut Group Inc., announced eight executive appointments as part of its growth strategy.

The expanded executive team is charged with the expansion and re-establishment of the Argonaut brand as a premier provider of solutions and services designed to reduce the workers’ compensation and companion line costs of insureds.

H. Clay Bassett, Jr. was named chief underwriting officer. Most recently, he served as senior vice president and deputy head of the direct reinsurance operations of Swiss Reinsurance Company (Swiss Re) in the U.S. He was also head of the regional segment and all facultative business for the company.

Jay Chase joins Argonaut as vice president of programs. Previously, Chase served as executive vice president for the Kemper Employers Group of Kemper Insurance Companies.

John Gribbin was named resident vice president responsible for field support on major account opportunities. Gribbin has 28 years experience in insurance company operations with Reliance Insurance Company. Most recently, he was senior vice president and leader of the large account division for Reliance.

Roger Greiner was named president of Aegean Managers Inc., a unit specializing in alternative risk transfer (ART) group programs. Prior to joining Argonaut, Greiner was with General Reinsurance Corporation for more than 20 years, most recently serving as president and chief operating officer for Genesis Underwriting Management Company, Genesis Insurance Company, and Genesis Indemnity Insurance Company.

Charles Weaver joined the company as senior vice president of claims. In addition to his role with Argonaut, Weaver has responsibility for claims for all Argonaut Group member companies. Before joining Argonaut, he was senior vice president of the insurance services division of Cambridge Integrated Services Group, a subsidiary of Aon.

Kate Westover was appointed president of Captive Advisory Services. Westover brings more than fifteen years expertise in the captive insurance industry; with proficiency in both property/casualty and employee benefit program captives. Prior to joining Argonaut, she was chief operating officer of Strategic Risk Solutions Vermont, a captive management subsidiary of Strategic Risk Solutions (SRS), a Credit Suisse Group company and has served as President of American Risk Management, now part of Aon.

Teri L. Blauer joined the company as vice president of workers’ compensation claims with more than 25 years of industry experience, specializing in workers’ compensation. Her experience includes regional vice president of claims for Travelers Property and Casualty in the Southern region and national workers’ compensation vice president with AIG.

Mary Borba was named vice president of human resources. Borba comes to Argonaut after serving at Marsh USA, where she was managing director of human resources for North American Operations

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