POMPANO BEACH, Fla., Nov. 13, 2008 (GLOBE NEWSWIRE) -- Blue Frog Solutions, a leading provider of Life & Annuity Order Management and Compliance solutions for the insurance industry, today announced that Dan Smith has been named President and Chief Executive Officer, and has been elected a member of the company's Board of Directors.
Since joining Blue Frog in 2003, Smith has provided oversight to the development and rollout of the flagship Affirm product to the industry's largest insurance carriers and distributors. He received the 2005 Founders Award and was responsible for all client-facing activities prior to becoming Chief Operating Officer in 2007. In mid-2008, Smith was asked to step in as Interim CEO during the transition of control to Bluff Point Associates, which purchased a controlling share in Blue Frog in July 2008.
"We are delighted to have Dan Smith, who is a seasoned industry veteran, assume this important leadership position within Blue Frog and join our Board of Directors," says Tom McInerney, the firm's chairman. "Dan has had extensive experience within the insurance and healthcare technology industries, and he has been involved in all aspects of Blue Frog's growth and maturation."
Prior to joining Blue Frog Solutions, Smith served as Vice President of Technology for New York-based BISYS Insurance Services, which operated as the largest national distributor of life insurance, annuities, long-term care and disability insurance. Smith came to BISYS from Claimtrust, Inc., where he was Chief Operating Officer and member of the Board for this Internet-based service provider to hospitals, vetting outpatient Medicare claims prior to submission, minimizing outstanding A/R and avoiding federal penalties. He also has held senior technology positions at Interim Healthcare, Inc., and System One Amadeus, a computer reservation system for the global travel industry.
Smith received a Bachelors of Science in Business Administration with a major in Data Processing from the University of Central Missouri and holds his Life, Health and Variable Annuity Resident License from the Florida Department of Financial Services.
About Blue Frog Solutions:
Blue Frog Solutions (www.bluefrogsolutions.com) based in Pompano Beach, Florida, is a leading technology solutions provider and business processing outsourcing (BPO) firm that focuses on the life, annuities and long-term care market. Blue Frog automates both front and back end business processes between carriers and distributors with a focus on compliance to create automated business process efficiencies. Blue Frog's solutions are based on the firm's flagship ADMServer Framework software suite. As one of the largest providers of ACORD-based transactions and DTCC solutions, Blue Frog currently provides ADMServer solutions to more than 60 percent of the top 40 life and annuity companies and many of the largest distributors in the U.S.
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