office.

The company's Wexford Captive Management Group will provide full captive management services through a worldwide network of offices from Bermuda, Dublin, Luxembourg, Singapore and Vermont.

The second unit, Wexford Capital Services, will provide financial insurance and reinsurance alternatives to clients seeking conventional and non-conventional financing alternatives.

"The formation of these two entities exemplifies Wexford's commitment to offer our clients innovative solutions to their excess workers compensation needs,'' said Mr. Edmund Pascoe, chairman and CEO of Wexford.

"The continued proliferation of the alternative marketplace creates significant opportunities to provide our clients with enhanced services, products and capital alternatives.'' Wexford underwrites excess workers' compensation on behalf of CNA Insurance Companies and maintains offices in San Francisco, New York, Chicago, Philadelphia and North Palm Beach.