Sapiens Names Bessellieu Americas Division President

March 24, 2004

Sapiens International Corporation N.V., a global provider of insurance business solutions, announced the appointment of Steven Bessellieu as President of Sapiens Americas and as a member of Sapiens International management.

The bulletin described Bessellieu as “a leading consultant to the insurance industry with 25 years experience on both sides of the Atlantic,” and indicated that he “strengthens Sapiens International’s alignment with the insurance field and intends to increase the company’s presence in the Americas.”

“Steven joins us as we enter an important period of growth and opportunity in the Americas,” stated Itzick Sharir, Sapiens CEO. “He brings a wealth of industry experience and knowledge to the organization and will help us drive ahead. Our goal is to make Sapiens International the leader in technology solutions for the insurance industry.”

Bessellieu has a distinguished track record in the finance and insurance markets. He most recently served in the Americas as president of Sherwood International, a provider of enterprise solutions for the insurance industry. Previously he was senior vice president and member of the Global Financial Services Executive Board at Cap Gemini Ernst & Young, New York, where he had direct responsibility for the strategy, development and deployment of all financial services solutions worldwide. Bessellieu’s expertise in the insurance industry was developed in industry and consulting positions with the Alpha Insurance Company, Deloitte & Touche and Unisys.

“Sapiens International brings talented people together with superior technology solutions and a reputation as a leader in its field,” Bessellieu commented. “I am very pleased to join the leadership team and to enable the company to drive forward its focus and growth in the insurance industry.

“Sapiens made a significant commitment to the industry in developing its insurance product portfolio using eMerge, Sapiens’ business rules engine, as a foundation and is now in a strong position to offer solutions across the breadth of the insurance market,” he added. “The firm’s direction is to leverage this leadership position and to develop market opportunities using a combination of research and development, partnerships and acquisitions.”

A frequent speaker at industry conferences and guest author for industry trade magazines, Bessellieu holds a bachelor’s of science in business administration from Auburn University and a master’s degree in business from the University Of Chicago Graduate School Of Business where he received the Morton Murphy Award for Student Leadership.

Topics Market

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