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Published on: 9/4/2009
Last Visited: 11/4/2009
Mike Colodny in the Insurance Journal: New Insurer Ascendant to Rescue First Commercial Insureds, Jobs in Florida
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Mike Colodny in the Insurance Journal: New Insurer Ascendant to Rescue First Commercial Insureds, Jobs in Florida
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Ascendant is being capitalized with $6 million in cash from its parent company, Ascendant Holdings, which is controlled by the Cejas family, according to attorney Michael Colodny, a partner with Colodny, Fass, Talenfeld, Karlinsky & Abate, who represented Ascendant.
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His son, Pablo Cejas, who is a director of PLC, will serve as chairman of the board for Ascendant and Paul Cejas will sit on the board, according to Colodny.
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Colodny said the new firm hopes to be able to retain more than half of the employees.