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


Jan 29, 2008, 00:00 ET from Dovetail Insurance Corporation

    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
     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
     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
     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

SOURCE Dovetail Insurance Corporation