Towner-Sponsored Rowing Team Sets World Record

St. James, Barbados (July 30, 2009)— The Flying Ferkins, a rowing team comprised of Brits Guy Watts and Andrew Delaney, were part of a fleet that became the first rowers to complete the 3,132 nautical mile row across the Indian Ocean from Australia to Mauritius. The St. James Group, a company of the Towner Management Group (TMG), was among the sponsors of the world-record setting trip.

Watts and Delaney, both 24, were the first and youngest rowing pair to ever complete the grueling journey. They and their fleet also set a handful of other race records. The pair participated in the race to raise awareness and money for Orchid, a charity fighting male cancer.

“We could not be more proud of these two outstanding young men,” said Christopher J.N. Towner, founding chairman of TMG. “We salute their outstanding accomplishments and their efforts to call attention to these diseases.”

The Towner Management Group (TMG) is an independent, full-service captive insurance and international business entity management company with a multi-domicile reach. We provide our clients with alternative risk solutions to meet their diverse needs. TMG is headquartered in Barbados, where it is the largest manager, and in Vermont, where it is ideally situated to partner with companies that wish to establish domestic captive domiciles. TMG also manages captive insurance companies, International Business Companies (IBCs) and other offshore entities in Barbados and other jurisdictions.