NEW YORK (Jan. 10, 2002) Mystic Capital's Managing Director Kevin P. Donoghue is pleased to announce that Lorna L. Pankratz, a Director of the Firm, has received her Chartered Property Casualty Underwriter (CPCU) designation.

The CPCU is a professional designation recognized throughout the property and casualty insurance industry. The designation is received upon successful completion of ten exams encompassing insurance operations, personal and commercial underwriting, legal and economic environment of insurance, accounting and management.

"The CPCU designation is well-respected among insurance industry professionals," says Donoghue "and as a consultant, this credential not only underscores Lorna's knowledge of the environment in which our clients operate but also solidifies Mystic's presence as the premier financial consulting firm for insurance industry professionals.

Mystic Capital Advisors Group, LLC provides a broad range of financial consulting services to the retail insurance and financial services industries. Founded in October 2001 by three former employees of The Hartford Financial Services Group, Inc.'s M&A consulting subsidiary, Mystic Capital has offices in New York City, Denver and Charlotte. With more than 20 years of combined experience in mergers & acquisitions among the founding partners, Mystic Capital is an emerging firm that's poised for a leadership position in the consolidating marketplace.