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buying property abroad
News and Information Article
DALLAS, April 24 /-FirstCall/ -- Republic Companies Group,
Inc. (Nasdaq: RUTX) ("Republic") announced today that Frank Vaccaro has
joined the organization as Vice President of Information Services.
(Logo: http://www.newscom.com/cgi-bin/prnh/20050801/REPUBLICLOGO )
Vaccaro most recently served as Assistant Vice President -- Business
Segment Partner of the financial departments of CNA Insurance in Chicago,
IL. At CNA, Vaccaro led the technology strategy and decisions for the
enterprise billing and collections function and had technology oversight
responsibility for finance/accounting, reinsurance, investments and
actuarial business units.
Before joining CNA, Vaccaro spent 8 years with Kemper Insurance and
held the position of Vice President and Chief Information Officer. He
started his career at First National Bank of Chicago and subsequently held
positions at Telaction Inc., Kraft Foodservice and Alliance Systems Inc.
Vaccaro earned his Bachelors of General Studies with an emphasis in
Computer Science from Roosevelt University in Chicago, IL.
Vaccaro will report to Parker Rush, Republics President and CEO. Mr.
Rush stated, "Frank Vaccaro has an outstanding track record of addressing
an insurance organizations technology costs while delivering state of the
art products and services. As Vice President of Information Services, Frank
will lead our technology efforts to run our business more efficiently and
effectively. Our ability to leverage technology to better serve our
customers at reduced marginal costs is a key factor of our long-term
success."
About Republic
Republic Companies Group, Inc. through a group of insurance companies
and related entities provides personal and commercial property and casualty
insurance products to individuals and small to medium-size businesses
primarily in Texas, Louisiana, Oklahoma and New Mexico. This focus on a
large, rapidly growing region allows Republic to participate in profitable
underserved niche opportunities. We have written insurance in Texas
consistently throughout our entire 102-year history and have developed deep
market knowledge and a loyal network of independent agents and managing
general agents who provide us with access to what we believe are among the
most profitable clients and market segments. We are rated A- (Excellent) by
A.M. Best Company, Inc. with a stable outlook. We completed our Initial
Public Offering in early August 2005.
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