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Monday November 11, 3:08 am ET
Sapiens' Key Appointment Strengthens Its Commitment to the Insurance Sector
Brian Meigh to Spearhead Expansion of Sapiens' Insurance Industry Business
RESEARCH TRIANGLE PARK, N.C.--(BUSINESS WIRE)-- Nov. 11, 2002 --Sapiens International Corporation (Nasdaq:SPNS - News), today announced that Insurance industry expert and commentator, Brian Meigh has been appointed by Sapiens (UK) Ltd to direct its new, dedicated UK Insurance Solution Practice.
Meigh joins Sapiens after nine years leading the General Insurance Practice of top management consultants, Winchester White. He has broad experience across the General, Life, Pensions and Investment business, including 23 years with Norwich Union, where the launch of Norwich Union Healthcare was among his notable achievements. Meigh replaces John Butler who, having successfully launched the Financial Services Practice last year, will now concentrate on the hands-on management of the major, blue-chip clients of the UK Insurance Solution Practice which now succeeds it.
Sapiens International Corporation is particularly successful in the Insurance sector, currently working with seven of the UK's top ten insurers. The global practice is expanding fast and last month saw the appointment Judy Johnson, formerly Vice President of Insurance Information Strategies at the META Group to head up Sapiens' new US Insurance Solutions Practice.
"Sapiens has a real and immediate capability to get to grips with many of the current and serious challenges facing the industry," says Brian Meigh. "My objective is to build on this superb foundation and to ensure that the name of Sapiens is synonymous with `solution' at board level across the Insurance industry."
"The appointment of a well-respected expert of Brian Meigh's calibre will add huge impetus to the future success and development of Sapiens' UK Insurance Solution Practice," says UK managing director, Yair Spitzer. "Sapiens' particular strength is in resolving complex integration problems using the INSIGHT family of solutions to adapt rather than abandon legacy systems. Brian will now lead the rapid, further expansion of this business across the Insurance sector."
About Liverpool Victoria
Liverpool Victoria is the UK's largest Friendly Society. It manages over 6.5 Billion Pounds Sterling for its 2 million members and customers. It provides a wide range of products and services in Life, General Insurance and Banking. Liverpool Victoria is one of the foremost direct insurers in the UK as well as one of the financially strongest life offices in the country. Liverpool Victoria has consistently topped performance tables with a variety of investment products, both medium & long term.
About Sapiens International
Sapiens International Corporation (Nasdaq:SPNS - News) is a leading global provider of proven IT solutions that modernize business processes and enable insurance organizations and other leading companies to adapt quickly to change. Sapiens' modular solutions are widely recognized for their ability to cost-effectively align IT with the business demands for speed, flexibility and efficiency. Sapiens operates through wholly owned subsidiaries in North America, EMEA and Asia Pacific. The Company has partnerships with market leaders such as IBM and EDS and its clients include AXA, Liverpool Victoria, Norwich Union, OneBeacon, Principal Financial, Prudential, Abbey National, Honda, International Paper, Panasonic UK among others. For more information, please visit www.sapiens.com.
Except for historical information contained herein, the matters set forth in this release are forward-looking statements that are dependent on certain risks and uncertainties, including such factors, among others, as market acceptance, market demand, pricing, changing regulatory environment, changing economic conditions, risks in new product and service development, the effect of the company's accounting policies and other risk factors detailed in the Company's SEC filings.
Contact:
Padilla Speer Beardsley
Rebecca Green, +1-212-752-8338
e-Mail: rgreen@psbpr.com
 
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