The last thing Mark Watson did during a recent interview was to hand over transcripts of two prior interviews he had done with another publication since becoming CEO of Argonaut–one this year and one in 2003. “The amazing thing about the two [transcripts] is the consistency of the responses,” he pointed out.

There was little need to highlight the overlap, as references to “small and niche” focuses, diversified underwriting platforms, an undistracted business strategy bent on “just executing,” with professionals having specialized expertise in a variety of niche markets are obvious parallels between the two.

“The strategy we're executing today is the same strategy that we [the board] agreed [to] back in the fall of 1999,” Mr. Watson told NU in an on-site interview in Chicago last month during the National Association of Professional Surplus Lines Offices annual conference.

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