ABD Names Francis Chief Operating Officer

March 31, 2004

ABD Insurance and Financial Services announces the appointment of Dan Francis as Chief Operating Officer. Francis will assume responsibility for the company’s overall business strategy and tactics and ongoing growth initiatives.

He will work directly with President and CEO Fred de Grosz and ABD Chairman Bruce Basso on a variety of business development initiatives including: Enhancing external relationships with markets, large accounts, centers of influence and others within the insurance industry; Expanding ABD geographically and through mergers and acquisitions; Assessing strategic areas of potential growth for ABD; and Managing recruitment of high-end producers and production teams.

A member of ABD’s Presidents Council and the Board of Directors, Francis has more than 25 years of brokerage operations and management experience. He has provided insurance broking services to the High Technology and Life Sciences communities throughout his career, developing risk management and insurance programs for a number of Fortune 500 high-tech firms headquartered in Silicon Valley.

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