An application for a new workers' compensation insurance company has been received by the California Department of Insurance. Ron Groden and Jim Little, both formerly executives of Fremont Compensation Insurance Co., are starting a new company and are in the process of trying to place reinsurance to back them. Reports are that Little and Groden are working with Swiss Reinsurance Co. for the reinsurance coverage, and that Credit Suisse First Boston is working to put together venture capital.It is anticipated that the company will be a direct writer, and that a license will be granted before the...
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