McCamish Systems Appoints Ted Mackenzie Vice President of Business Process Outsourcing

ATLANTA--(BUSINESS WIRE)--June 3, 2003--McCamish Systems is pleased to announce that E. C. (Ted) Mackenzie has been appointed Vice President of Business Process Outsourcing effective May 13, 2003. Mr. Mackenzie will have 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 Ted Mackenzie to our team further evidences McCamish's commitment to be best in the world in serving our markets. With his broad operations background, he is well suited to lead McCamish's growing BPO business. Most importantly, Ted shares our values and embraces our service commitment to our clients," said J. Gordon Beckham, Jr., President and CEO.

"I am very pleased to join McCamish Systems and be involved with the growth and development of the BPO unit. What attracted me to McCamish was the opportunity to apply my business experience and energy at an exciting growth-oriented company which values integrity and a commitment to deliver the highest quality service to our clients and their customers," said Ted Mackenzie. "All the McCamish leaders are consistent in their passion for exceeding client expectations. It's great to be part of the team."

Mr. Mackenzie joins McCamish after 27 years in the Life Insurance Industry, most recently with UnumProvident Corporation and Chubb Life Insurance Company. In addition to leadership roles for teams responsible for large blocks of traditional retail life insurance, he has experience with the hands-on management and coordination of the administration, systems, actuarial, claims, legal, and financial teams responsible for Special Market plans. His broad base of functional leadership experience in operations includes policyowner service, premium accounting, new business, claims, reinsurance administration, sales support, account management, licensing and commissions.

Mr. Mackenzie holds multiple insurance and financial services designations including FLMI, CLU and ALHC and is a past president of the FLMI Society of Atlanta.

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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