CRC Insurance Services Forms CRC/ART

February 12, 2003

CRC Insurance Services Inc. of Birmingham, Ala., announced the formation of the CRC Alternative Risk Transfer Division. CRC Alternative Risk Transfer (CRC/ART) will provide alternative risk management services and transfer products to: independent agents, program administrators, self-insurers, self-insured groups, insurance carriers, captive insurers, reinsurers, associations, affinity groups and other entities willing and able to bear risk nationwide.

CRC/ART plans to further develop relationships with alternative market carriers, reinsurers, intermediaries, associations, and service providers in addition to marketing alternative risk transfer products through CRC brokers across the country.

David L. Stegall was appointed director – Alternative Risk Transfer. Stegall, most recently with Midwest Employers Casualty Company, has 25 years of insurance/reinsurance industry experience. He has developed and implemented self-insured programs for qualified self-insurers; created self-insured funds; developed captive insurance companies; created national fronting programs; placed and produced reinsurance for both standard and alternative programs; and has developed, marketed, and underwritten alternative risk programs.

Founded in 1982, CRC Insurance Services, Inc. specializes in property, casualty, and professional liability insurance, primarily for commercial businesses. CRC operates in 45 states, with regional offices in Birmingham, Ala.; Los Angeles and Redondo Beach, Calif; Boca Raton, Fla; Atlanta, Ga.; Chicago, Il.; Houston, Texas; Metairie, La.; New York and Jericho, N.Y.; Livingston, N.J.; and Carlisle, Pa.

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