OMAHA, Neb., Apr 09, 2009 -- Hooper Holmes Underwriting Solutions, a division of Hooper Holmes, Inc. (NYSE Amex:HH), today announced that William Biordi has been named Senior Vice President, Business Development. Underwriting Solutions is the only national provider of risk services to insurance underwriters. Mr. Biordi has held positions of increasing responsibility in the insurance industry for more than 30 years. He has deep experience in the development of national sales platforms for distribution of life insurance, health coverage and annuities.
Marcus A. Mears, President of Hooper Holmes Underwriting Solutions, commented, "Underwriting Solutions is committed to growing revenue and increasing the number of clients that we serve. Bill has a high profile and an excellent reputation within the industry. We're excited about what he brings to our team of professionals from the insurance and reinsurance markets. Under his direction and leadership, we are confident that Underwriting Solutions will see continued growth."
Most recently, Mr. Biordi has been Vice President, Sales in charge of strategic planning, value creation, sales and marketing for Companion Life, Mutual of Omaha's New York affiliate. Prior to Companion, he was Vice President for the Independent Financial Network at Penn Mutual. Earlier in his career, he was Vice President and National Marketing Director of National Accounts at American General and Regional Vice President for Alexander Hamilton Life. Mr. Biordi has extensive field and sales experience acting in the capacity of Regional Director for First Financial Resources and National Marketing Director for Travelers Insurance.
Mr. Biordi received a Bachelor of Science in Business Administration from West Chester University. He is Series 7 NASD licensed and is life, health and P&C licensed.
About Hooper Holmes
Hooper Holmes is the leader in collecting personal health data and transforming it into useful information, enabling customers to take actions that manage or reduce their risks and expenses. As the leading provider of risk assessment services for the insurance industry, Hooper Holmes provides insurers with the widest range of medical exam, data collection, laboratory testing and underwriting services in the industry.
With presence in over 250 markets and a network of thousands of examiners, Hooper Holmes can arrange a medical exam anywhere in the U.S. and deliver the results to its customers. Each year we arrange more medical exams than any other company and process 3.8 million specimens in our laboratory. We provide a complete service for wellness, disease management, and managed care companies including scheduling support, fulfillment of supplies, blood collection kits, medical screenings, lab testing and data transmission. We underwrite 300,000 cases annually and complete more than two million telephone interviews.
This press release contains "forward-looking" statements, as such term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on the Company's current expectations and beliefs and are subject to a number of risks, uncertainties and assumptions. Among the important factors that could cause actual results to differ materially from those expressed in, or implied by, these forward-looking statements are our ability to successfully implement our business strategy; uncertainty as to our working capital requirements over the next 12 to 24 months; our ability to maintain compliance with the financial covenants in our credit facility; our expectations regarding our operating cash flows; and the rate of life insurance application activity. Additional information about these and other factors that could affect the Company's business is set forth in the Company's annual report on Form 10-K for the year ended December 31, 2008, filed with the Securities and Exchange Commission on March 16, 2009. The Company undertakes no obligation to update or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this press release to reflect the occurrence of unanticipated events, except as required by law.