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KENT W. CLAPP, BLUE CROSS & BLUE SHIELD OF OHIO SENIOR VICE PRESIDENT, FINANCE AND TREASURER, NAMED PRESIDENT AND COO

 KENT W. CLAPP, BLUE CROSS & BLUE SHIELD OF OHIO SENIOR
 VICE PRESIDENT, FINANCE AND TREASURER, NAMED PRESIDENT AND COO
 CLEVELAND, March 2 /PRNewswire/ -- Kent W. Clapp, senior vice president, finance, and treasurer of Blue Cross & Blue Shield of Ohio (BCBSO), has been named the company's president and chief operating officer, effective March 2.
 The appointment was announced today by John Burry, Jr., chairman and chief executive officer.
 Clapp is filling the position vacated by Richard B. McQuade, Jr., a former U.S. district judge in Toledo, who resigned in order to devote more time to judicial activities and personal interests.
 Like McQuade, Clapp, 46, is a native of northwestern Ohio.
 "In Kent Clapp, we are fortunate to have not only one of the brightest and most creative financial officers in our industry, but also one whose appointment reinforces our commitment to the Toledo area and northwestern Ohio," Burry said.
 Clapp is well remembered in the industry as having helped mastermind an incredible financial resurgence for BCBSO when the company turned a $99 million loss in 1987 into black-ink figures the very next year. The loss was caused by a traditional underwriting downcycle that saw losses nationally bottom out at about $10 billion.
 Clapp had been with the former Blue Cross of Northwest Ohio, based in Toledo, for 10 years when that plan merged with Blue Cross & Blue Shield of Northern Ohio, based in Cleveland.
 He was asked at that time to head the combined financial operations and, since then, has been responsible for all accounting, underwriting, actuarial, provider contracting, investment and finance activities of BCBSO, a $1.4 billion company. He was promoted to senior vice president in September 1989.
 With Clapp overseeing its financial operations, BCBSO has become the largest health insurer in the state, with $952.6 million in fully insured business, compared with $768.5 million in fully insured business for its largest competitor, Community Mutual Insurance Co., a Blue Cross & Blue Shield Plan based in Cincinnati.
 BCBSO reserves for the protection of policyholders have increased from $80 million in 1988 to $158.67 million through November of 1991.
 At age 30, Clapp joined Blue Cross of Northwest Ohio as corporate controller. Despite his relative youth, he had already gained valuable experience with the accounting firm of Peat, Marwick and Mitchell, Inc., and later with the former Ernst & Whinney, where he spent four years following military service. He is a veteran of the Vietnam War.
 "I have learned a great deal in a very rewarding association with Blue Cross & Blue Shield of Ohio, but what makes my leaving most difficult is that I have met so many wonderful people and established so many lasting friendships," McQuade said.
 Burry said, "Dick McQuade will be sorely missed, especially because of his outstanding capabilities as an analyst of complex issues and negotiating skills. I fully understand and commend his desire to remain involved in activities related to his judiciary background, and he has my very best wishes."
 Clapp is a native of Montpelier, Ohio, in Williams County, the northwestern most county in the state. He earned an accounting degree from Tri-State University in Indiana in 1969 and became a certified public accountant in 1972. In addition, he attended the Harvard Business School's advanced management program in 1989.
 Clapp will be succeeded by Ronald H. Rafal, who has been BCBSO's vice president and controller since he joined the firm in March 1987. Previously, Rafal had been with Midland Ross Corp. from 1979 to 1987 as director of finance and administration, assistant controller and corporate controller.
 He holds an undergraduate degree in business and accounting from Kent State University and a master's of business administration from
Cleveland State University. He also is a certified public accountant.
 -0- 3/2/92
 /CONTACT: William A. Silverman or David Eden, both of William Silverman & Co., 216-696-7750, for Blue Cross & Blue Shield of Ohio/ CO: Blue Cross & Blue Shield of Ohio ST: Ohio IN: HEA SU: PER


LC -- CL031 -- 4112 03/02/92 15:49 EST
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Date:Mar 2, 1992
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