AMS Names Shea New CEO

NU Online News Service, June 26, 2:50 p.m. EST?AMS Group, a provider of insurance software, services and information for the U.S. insurance markets, announced that Dave Shea has been named president and chief executive officer of their agency market business units.

Windsor, Conn.-based AMS said the move will be effective July 15. Mr. Shea will assume general management responsibility for AMS Services and AMS Rating. Loren Parsons, who has served as president and CEO, will assume "a new strategic role with the AMS Group" as an executive vice president.

Mr. Shea comes to AMS from The Thomson Corporation where he is currently president of two business units serving the tax, accounting and general business markets, said AMS.

Mr. Parsons will operate as executive vice president of AMS Group, focusing on developing growth-oriented business opportunities for AMS within the insurance software arena, the company said.

Mr. Shea and Mr. Parsons will report to Euan Menzies, president and CEO of the AMS Group, the parent company for the AMS entities that include Allenbrook and SilverPlume, as well as AMS Services and AMS Rating.

According to Pam Parry, president of the AMS Users' Group, based in Irving, Texas, "The AMS Users' Group is excited about the prospect of working with Dave Shea. We are also very happy that Loren Parsons will remain an integral part of AMS. Loren has been an outstanding leader and we have all come to value his integrity, vision, and honesty."

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