About Us

CITON, founded by Chairman and CEO Kenneth Gregg, provides catastrophic insurance with a specialization in niche products. Established out of a desire to help those in their time of need, CITON understands the limitations of conventional insurance during a catastrophic event.

Gregg, a veteran of the insurance industry, realized property owners continue to assume more and more risk in the form of higher deductibles. Realizing that the deductible was becoming a major risk for the insured, Gregg spent two years developing a product to combat this growing concern.

ZERO SELECT© Wind Deductible Elimination Plan is the first of many products CITON will begin marketing. This particular product fills a gap for the insured by covering 100% of the deductible if damage estimates exceed the deductible dollar amount. This product is currently available in Alabama, Delaware, Florida, Louisiana, North Carolina, South Carolina, Texas, and Virginia and will expand to additional at-risk states in 2010.

In addition to launching an innovative deductible elimination product, CITON has developed a proprietary online underwriting system. This streamlined system was designed to minimize paperwork and allows for quick approvals.

Gregg and the CITON team continue to develop innovative niche products to fill gaps in standard insurance coverage and provide more balance to the insured.

Principles

• Kenneth M. GreggCEO / Chairman
  
  Kenneth Gregg has over 12 years of experience in the insurance industry, with expertise in distribution and product development for startup and expanding companies. Mr. Gregg has worked with such organizations as USAllianz and CNA in the role of relationship management for product distribution to outside intermediaries. His role with these companies focused predominately on non-performing regions where he was tasked with helping them to become profitable; a task he completed successfully in both organizations. Mr. Gregg has a B.S. in Business Administration in Economics and an M.B.A. in Finance, both from the University of Central Florida.

• Joseph P. ClarkeChief Financial Officer
  
  Joseph Clarke served for eight years as an Assistant Treasurer at Conseco, Inc., where he was responsible for corporate financial planning and analysis, capital management, expense management, and investor relations. Mr. Clarke was also involved in a variety of capital market transactions, including the issuance of bonds, preferred and common stock, and hybrid securities. From 1993 to 1999, Mr. Clarke was responsible for statutory and GAAP reporting, federal and state tax returns, reinsurance reporting, and daily accounting processing at United Presidential Life Insurance Company. Prior to that, he practiced in public accounting, primarily with Ernst & Young for nearly a decade and earned his designation as Certified Public Accountant in 1987. He has a B.S. in Accounting from Indiana University and an M.B.A. from Indiana State University.