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Adaptik Insurance Solutions appoints Stephen M. Mulready to its Advisory Board
FOR IMMEDIATE RELEASE
CONTACT:
Ms. Loretta McGranaghan
Adaptik Corporation
Phone: (800) 306-1062
Fax: (908) 317-5620
lmcgranaghan@adaptik.com
BETHLEHEM, PA - June 15, 2005 - The Adaptik Corporation today announced the expansion of its Advisory Board with the appointment of Stephen M. Mulready.
Mr. Mulready is the former President and Chief Executive Officer of Royal and Sun Alliance's U.S. operation. In 1999, Mr. Mulready joined Royal and Sun Alliance upon its merger with Orion Capital, where he was President and CEO of Orion Specialty. Prior to joining Orion Capital in 1996, he was Senior Vice President responsible for the National Commercial Accounts Division of Aetna Life and Casualty. Mr. Mulready began his career at Aetna in 1970, where he held several senior positions.
"Steve brings over 30 years of knowledge, covering all aspects of the property and casualty insurance business, to our company", said John Pettit, President of Adaptik. "Steve's experiences in successfully enhancing company productivity, managing growth and integrating merged company operations will greatly benefit our company as we continue to expand."
"Having first hand experience with the problems insurers face applying and managing policy administration technology, I was fascinated with Adaptik's solution that addresses the root cause of these problems - system inflexibility", stated Mulready. "Solving this problem leads to reduced IT costs and improved productivity and responsiveness to underwriting, operations and marketing. I welcome the opportunity to help Adaptik capitalize on this innovation."
About Adaptik Corporation
Located in Bethlehem, Pennsylvania, Adaptik Corporation provides highly flexible and cost effective software solutions to Property & Casualty insurers. Adaptik's flagship product is PolicyWriter, a uniquely adaptive browser-based system that goes far beyond traditional policy administration. PolicyWriter significantly speeds up the introduction and evolution of insurance products, allowing insurers to quickly take advantage of business opportunities. For additional information, please visit www.adaptik.com or call (800) 306-1062. Contact Adaptik to experience our dramatic speed and versatility. We can fully tailor PolicyWriter to match your exact needs in the time it takes others to gather your business requirements.
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