McCamish Systems Appoints
Sharon A. Hamby Vice President
of Business Process Outsourcing

ATLANTA--(BUSINESS WIRE)--September 9, 2002--McCamish Systems is pleased to announce that Sharon A. Hamby has been appointed Vice President of Business Process Outsourcing effective August 26, 2002.

Ms. Hamby has responsibility over the Business Process Outsourcing unit which provides full service administration for the life insurance and non-qualified deferred compensation plan markets.

"The addition of Sharon Hamby to our team reinforces our commitment to continually improving the function and quality of our BPO delivery to our customers. In managing the application of technology and process improvement for 25 years, Sharon brings to McCamish the depth of experience that we were looking for to further enhance our prominent position in the marketplace as we grow," said J. Gordon Beckham, Jr., President and Chief Executive Officer of McCamish. "We are delighted to have an experienced professional of Sharon's caliber join our management team."

"I am delighted to be able to leverage my insurance experience at McCamish Systems and be involved with the customer delivery process from beginning to end. I am impressed by the synergy of the management team, its high level of communication and openness to innovation," said Sharon Hamby. "All the McCamish leaders are focused and dedicated to achieving and maintaining excellence."

Ms. Hamby joins McCamish after 25 years with American International Group (AIG). Immediately prior to joining McCamish, she held the position of Assistant Vice President, Ordinary Underwriting Transition Team in which she played a key role in transitioning AIG into the operations of newly acquired American General. Her previous appointments with AIG were as Assistant Vice President of Automated Application Processing and Assistant Vice President of Technology and Process Improvement.

Ms. Hamby maintains her Series 6 and Series 63 Registered Representative licenses in addition to sustaining multiple insurance and financial services designations such as FLMI, CLU and ChFC. She earned her Bachelor of Science from Wilmington College in Delaware and was an Associate Professor in the Insurance and Financial Service Development Program at the University of Delaware.

McCamish Systems, L.L.C.

McCamish Systems' VPAS® (Variable Product Administration Systems) product family includes VPAS® Life and VPAS® Benefit Plan Administration as client/server based, relational database systems, that are scalable, feature rich and are flexible enough to be customized to suit unique client requirements. McCamish provides its solutions in BPO (Business Process Outsourcing), Remote or License environments.

VPAS® Life supports administration of variable and fixed annuities, 403(b), variable and fixed universal life, private placement products, and corporate and bank owned life insurance programs (COLI and BOLI). VPAS® Benefit Plan Administration provides record keeping capabilities for SERP, Split Dollar and other non-qualified benefit plans. All VPAS® products are Internet enabled, allowing clients, sponsors, brokers, agents and participants access to policy and plan information.

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McCamish Systems is a privately held company based in Atlanta, Georgia. For more information about McCamish Systems, please contact our Sales & Marketing group at Solutions@McCamish.com or call 800.366.0819.

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