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JOHN ALDEN FINANCIAL CORPORATION ANNOUNCES APPOINTMENTS OF NEW GENERAL COUNSEL FOR PARENT AND SUBSIDIARY COMPANIES

 MIAMI, April 15 /PRNewswire/ -- The board of directors of John Alden Financial Corporation (NYSE: JA) today announced the appointment of Michael P. Andersen as vice president, general counsel and secretary of the company. Also announced was the appointment of Anne V. Wardlow as vice president, general counsel and secretary of the company's insurance subsidiaries, including John Alden Life Insurance Company. Mr. Andersen and Ms. Wardlow each held the title of vice president, assistant general counsel and assistant secretary.
 Mr. Andersen and Ms. Wardlow assume the duties of David A. Olson, senior vice president, general counsel and secretary, who is retiring effective today. Mr. Olson has held the position since he joined the company in 1970.
 "David has played a pivotal role in John Alden's success," said Glendon E. Johnson, chairman and chief executive officer of John Alden. "Through the years of our tremendous growth, David has built a department that ably handles all legal services for the company. He leaves behind a strong legacy of professionalism."
 Mr. Andersen joined John Alden in 1983 and has managed all legal matters of the company's investment department and served as counsel for all public securities matters since the company's initial public offering in 1992. In his new position, Mr. Andersen will continue with these responsibilities. Prior to joining John Alden, Mr. Andersen held positions with Miami-based Kimbrel, Hamann, Jennings, Womack Carlson & Kinskern, P.A. and attorney Bryan Thomas of Orlando, Fla.
 Ms. Wardlow joined John Alden in 1981 and has managed insurance and state regulatory matters for the company's John Alden Life Insurance Group. Ms. Wardlow will also continue with her responsibilities for these matters. Prior to her joining John Alden, Ms. Wardlow served as counsel for the Colonial Penn Group, Inc. of Philadelphia.
 "Michael and Anne have a wide breadth of knowledge about all areas of the company and the insurance industry," said Mr. Johnson. "Their appointments place us in excellent legal hands."
 John Alden Financial Corporation is an insurance holding company that, through its subsidiaries, is principally engaged in providing group life and health insurance and other employee benefits to small businesses. The company is one of the largest insurance providers in this market. John Alden also markets annuities and long-term care policies, low-load life and disability insurance, credit life and health insurance, automobile and retail extended service contracts and other risk management services and insurance-related products.
 -0- 4/15/93
 /CONTACT: Scott L. Stanton of John Alden Financial Corporation, 305-470-3767/
 (JA)


CO: John Alden Financial Corporation ST: Florida IN: INS SU: PER

TS-OS -- NY095 -- 6368 04/15/93 15:11 EDT
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Publication:PR Newswire
Date:Apr 15, 1993
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