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
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
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