Constitution Re Names James A. Crowe Chief Information Officer.NEW YORK--(BUSINESS WIRE)--Nov. 4, 1997--Constitution Reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. Corp. (CRC (Cyclical Redundancy Checking) An error checking technique used to ensure the accuracy of transmitting digital data. The transmitted messages are divided into predetermined lengths which, used as dividends, are divided by a fixed divisor. ) has named James A. Crowe to the position of chief information officer. The appointment reflects the firm's continuing commitment to provide expert knowledge-based products and services to its clients. "Technology has become increasingly critical to success in the reinsurance industry," according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. CRC chairman of the board and chief executive officer Bard E. Bunaes. In particular, states Bunaes, "Our delivery of reinsurance solutions reflecting a superior level of responsiveness, quality and reliability depends on keeping our systems well ahead of the curve." "Jim's knowledge of sophisticated information technology along with his valuable experience make him a natural choice for this very important function," comments CRC executive vice president and chief financial officer William K. Lowry, Jr. "Working with experienced reinsurance professionals throughout our organization, Jim will lead the development of tools to enhance our analytical capabilities, as well as to increase the productivity of our more routine business processes." Crowe is a seasoned information technology professional, with experience in strategic systems architecture, systems conversion and integration for such venerable firms as Lockheed Martin Corp., Deutsche Bank A.G. and General Electric. A published author of papers on Systems Security Architecture, Crowe holds a BS in Engineering from the United States Military Academy United States Military Academy, at West Point, N.Y.; for training young men and women to be officers in the U.S. army; founded and opened in 1802. The original act provided that the Corps of Engineers stationed at West Point should constitute a military academy, but at West Point and a MS in Electrical Engineering from the Georgia Institute of Technology Georgia Institute of Technology, in Atlanta, Ga.; coeducational; state supported; chartered 1885, opened 1888. It is a member school in the university system of Georgia. Significant among its facilities and programs are the Frank H. . He joined CRC on November 3. Constitution Reinsurance Corp., a professional reinsurer re·in·sure tr.v. re·in·sured, re·in·sur·ing, re·in·sures To insure again, especially by transferring all or part of the risk in a contract to a new contract with another insurance company. since 1940, has corporate roots dating back to 1919. CRC is owned by the EXOR EXOR Exclusive-Or Gate Group, an international investment holding company with over $2 billion in equity. CRC's internet address is http://www.constitution.com . CONTACT: Thacker & Frank Advertising Jan C. MacLatchie, 609/490-0999, ext. 13 |
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