Zurich VP Joins Insurance Software Company MTW Corporation

N/A, a rapidly growing software development company with offices throughout the United States, announced the addition of Ray Abruzzo as Practice Leader, Insurance Product Development. Abruzzo will work closely with MTW's insurance clients to ensure optimum performance and results from the products and services MTW delivers.

Abruzzo has extensive leadership experience in the property and casualty insurance industry, including his responsibilities at Zurich Financial Services where for the past five years he was Vice President of Corporate Planning for their Maryland Casualty subsidiary in Baltimore. In this capacity he directed strategic and operational planning for Zurich's Small Business unit and earlier for Personal Insurance.

Prior experience includes 17 years with Allstate Insurance Company where he was a Regional Financial Officer in the Rochester (NY) Region and later in their New Jersey Region. In these roles he directed all financial, strategic, and operational planning and analysis for the applicable region.

Abruzzo joins MTW to support the growing Insurance Products Group with its dramatic growth. MTW's flagship product series, the Provision Series Components for Insurance, is a collection of application software components that focus on delivering state of the art eBusiness, product development, and policy administration capabilities to major insurers. The Provision Series components are uniquely designed to provide rapid results and immediate benefits to insurers, especially in the instances of mergers, acquisitions and consolidation. Abruzzo's solid understanding of insurance industry financial performance indicators and drivers, expertise in planning and analysis, and in-depth knowledge of all operational areas will be a major asset to customers as they implement and utilize the functionality of the MTW components.

About MTW Corporation
In addition to providing application development-related services for large corporations and state agencies, MTW offers a portfolio of application software components for the insurance and distribution industries, and a method for developing component based systems. MTW serves customers from offices and Software Development Centers in Kansas City, Dallas, Raleigh/Durham, NC, Washington D.C., Morristown, NJ, Atlanta, and Bel Air, MD. More information can be obtained from MTW's web site at www.mtwcorp.com.