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| [April 06, 2005] |
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North Carolina Restaurant Association and Great Central Insurance Form Strategic Partnership
PEORIA, Ill. --(Business Wire)-- April 6, 2005 -- Great Central Insurance Company, a member of Argonaut Group, Inc.'s Specialty Commercial segment, announced today that they have formed a strategic partnership with the North Carolina Restaurant Association (NCRA) to provide property and casualty insurance to its members.
Founded in 1947, the NCRA is one of the oldest restaurant associations in the country, representing approximately 2,500 member restaurants and suppliers.
"The NCRA is excited by the opportunity to partner with a company that has dedicated itself to working with the restaurant industry for so many years," said NCRA President and Chief Executive Officer Paul M. Stone, CAE. "NCRA members will benefit from the experience, broad coverage, and competitive products offered by Great Central."
"This is a tremendous opportunity for Great Central," said John Polak, President of Great Central Insurance. "The NCRA is an exceptional trade organization with a long history of commitment and service to its members. This partnership will combine Great Central's unique products and services with a solid portfolio of other member services currently provided by the NCRA, enhancing both organizations."
As an endorsed provider, Great Central will offer its specialized restaurant package, commercial auto, and umbrella coverage to NCRA members. The products will be distributed through a select network of agents statewide.
Serving restaurateurs since 1934, Great Central is recognized as the leader in providing insurance and risk management services to the restaurant and hotel/motel industry. In addition to the NCRA endorsement, Great Central is the endorsed carrier for a number of state restaurant associations as well as other trade associations.
ABOUT ARGONAUT GROUP, INC.
Headquartered in San Antonio, Argonaut Group, Inc. (NASDAQ:AGII) is a national underwriter of specialty insurance products in niche areas of the property and casualty market with assets of approximately $3.1 billion. Through its operating subsidiaries, Argonaut Group offers high-quality customer service in programs tailored to the needs of its customers' business and risk management strategies. Collectively, Colony Group, Rockwood Casualty Group, Argonaut Insurance Company, Great Central Insurance, Grocers Insurance, and Trident Insurance Services underwrite a full line of products in four primary areas: Excess and Surplus, Specialty Commercial, Risk Management, and Public Entity. Information on Argonaut Group and its subsidiaries is available at www.argonautgroup.com.
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