An embodiment of a gripping arrangement includes a mandrel having an axially extending groove therein, a first slip ring about the mandrel, a first cone about the mandrel spaced from the first slip ring, and a key engaged with the groove such that the key is axially movable and rotationally fixed relative to the mandrel. The key is disposed to maintain the spacing between the first slip ring and the first cone. The gripping arrangement also includes a release feature releasably interconnected with the key and method.