Dovetail Insurance, a Pequot Ventures Funded Insurance Technology and Services Company, Locates Corporate Headquarters in Columbia, S.C.
Seasoned Insurance Executives to Lead New Business Process Outsourcing
COLUMBIA, S.C., Jan. 29 /PRNewswire/ -- Dovetail Insurance Corporation, a newly founded insurance technology and service company, with over 4,800 independent agents, has chosen Columbia, South Carolina, for its corporate headquarters. Columbia is already home to a rapidly growing insurance technology cluster of companies. "Dovetail's initial focus will be on providing a comprehensive solution for insurance policy administration and other related functions with insurance carriers that service government programs such as assigned risk plans, residual markets and the National Flood Insurance Program," said Steve Francis, president and chief executive officer of Dovetail. "Dovetail's goal is to become the most efficient, non-risk bearing company of its kind by leveraging the technology assets of the Pequot portfolio companies and other best-in-class sources." Larry Wilson, a venture partner with Pequot Ventures, serves as the chairman of the board of Dovetail Insurance Corporation. Wilson is the former chairman of the board, president and chief executive officer of Policy Management Systems Corporation (PMSC), which merged with Computer Sciences Corporation (CSC) in 2000. Pequot Ventures, the venture capital arm of Pequot Capital Management, has over $1.8 billion in committed capital. Lawrence Lenihan Jr., Managing Director of Pequot Ventures, with over 17 years of operating and investment experience in the technology industry also serves on the Dovetail Insurance Corporation's Board of Directors. In addition, Michael Gantt has joined Dovetail as a board member and chairman of the Strategy and Technology committee. Gantt is a former senior executive of FiServ and PMSC. "Our experienced management team, along with the other Pequot insurance technology companies, is well on its way to creating the technological infrastructure and the business relationships necessary to accomplish our exciting mission," said Francis, who has over twenty-five years of experience in property and casualty agency distribution and technology. He is the former president of Trumbull Services, a technology and servicing carrier subsidiary of The Hartford. His prior experience includes: senior vice president of business development for InsLogic, a national personal lines agency; vice president of P/C development for PMSC; and vice president of claims, sales and development for PMSC. Other key members of Dovetail's experienced management team include the following: Tony Mattioli serves as the chief operations officer. Mattioli has over twenty-five years of experience in business development and delivery in insurance technology. He is the former vice president of business development for Full Capture Solutions Corporation, a predictive analytics technology company focused on the Property Casualty Industry. Mattioli was also at PMSC and was the national sales manager for the Insurance Services Office (ISO). Kay Womble serves as vice president and CMO of sales and marketing. Womble has over 28 years of experience in the insurance market with a specific emphasis on business process outsourcing. Most recently she held the position of vice president of marketing for Trumbull Insurance Services, a subsidiary of The Hartford Financial Group. Susan Cromley serves as Dovetail's controller. Cromley has held numerous accounting and compliance management positions since she began her career in 1990. She has spent the last seven years at Netbank, an internet banking and mortgage operation, where she was their controller and director of accounting. In addition, David Stephens serves as director of operations, and Betty Stroud serves as director of agency development. Stephens has over 17 years of experience in the property and casualty insurance industry with an emphasis on technology. Stroud has been working in the agency environment for over 10 years and has been responsible for agency relations and agent performance for several large carriers. About Dovetail Insurance Corporation Dovetail Insurance Corporation was formed by Pequot Ventures and is a privately held insurance services company headquartered in Columbia, S.C. Dovetail Managing General Agency Corporation, a wholly-owned subsidiary of Dovetail Insurance Corporation, is a licensed agency authorized to produce property and casualty insurance policies for licensed insurers in forty-eight states and is capable of performing all policy related functions from sales to claims management. Dovetail currently has over 4,800 independent agents. For more information, visit www.dovetailinsurance.com. About Pequot Ventures Pequot Ventures, a New York City-based venture capital firm with nearly $2 billion in capital commitments, is focused on today's most dynamic and innovative technology companies. For more than a decade, Pequot Ventures has partnered with talented entrepreneurs and experienced managers to build market-leading enterprises. Pequot brings energy, insight and substantial sector expertise to create competitive, sustainable businesses and long-term value. Select investments include: Netgear, Inc.; First Advantage Corp.; StubHub, Inc (Acquired by eBay, Inc.); Netegrity, Inc. (Acquired by CA Inc); Flarion, Inc. (Acquired by Qualcomm, Inc.); OutlookSoft Inc. (Acquired by SAP AG); Analex Corp. (Acquired by QinetiQ); Vallent (Acquired by IBM) and Syndesis (Acquired by Subex). Sector-focused, Pequot Ventures has particular expertise in the high-growth data, analytics and information services, vertical industry solutions, infrastructure and emerging media and advertising markets. For more information, please visit www.PequotVentures.com.
SOURCE Dovetail Insurance Corporation
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