William T. Budde, CPCU Named INSTEC Vice President

Naperville, IL - 21 October 2009

William T. (“Bill”) Budde, CPCU, named Vice President, Client Services & Solutions at Insurance Information Technologies, Inc. (INSTEC) “I am pleased to announce that Bill has accepted our offer to join INSTEC, and to help us grow the company to service our expanding customer base,” said Ray Simon, President of INSTEC. “Bill brings a wealth of insurance and software product development to the table, and has managed global services delivery for a myriad of insurance providers. He knows what it takes to provide excellent customer service and solutions to large and small insurance providers.”

Mr. Budde has more than 25 years of experience with insurance companies (Zurich, USF&G), global service providers (EDS, Patni), and as a change management consultant to carriers and vendors alike.

“I see my role as building on the excellent technology and services platform that INSTEC already has, and to expand these to meet the real-time needs of our P&C customers,” says Mr. Budde. “We are entering a new and exciting period where customers are replacing and augmenting their legacy systems with web technologies and product management services, and INSTEC is uniquely positioned to respond.” Based on his experience as head of the Insurance Markets divisions of EDS and Patni, Bill will bring his experience in solution development and best practices to INSTEC. “I’ve been a CIO, and I’ve worked with Actuarial, Marketing, Operations and Underwriting organizations − all under severe pressure to perform − to reduce time-to-market and diversify product portfolios to meet revenue requirements. The challenge of the current rate of change is real, and we intend to meet these challenges with our customers.”

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