Two proven and high-calibre insurance and IT experts recruited for BBT
Root, 26 October 2022 – As part of the annual strategy process, the Board of Directors of BBT Software AG (BBT) and the Executive Management team have decided to further develop the company’s core business, the insurance sector, and thereby build on its strengths. Specifically, this means that BBT’s growth is to be pushed and its positioning in the Swiss health, accident and life insurance market is to be honed. To support this extensive, strategic market cultivation, two new members of the Board of Directors have been elected, who will complement the existing BBT Board perfectly.
Patrick Frank, born in 1966
IT engineer Patrick Frank has been Head of Group ICT, Data and Operational Excellence and a member of the Corporate Executive Committee at CSS Krankenversicherung AG since 2017. Before that, he worked as Head of Department for System Technology and Operations within CSS. Prior to joining CSS in 2005, he held various positions at EMC Computer System Schweiz AG.
Joachim Masur, born in 1965
Joachim Masur has worked in start-ups as a director, advisor and investor since 2018. He previously worked for Zurich Insurance in various executive positions, most recently as CEO of Zurich Switzerland and before that as CFO of the Global Life segment.
Hubert Rüedi takes over the presidency
In addition, lawyer Hubert Rüedi, who has been a member of the BBT Board of Directors since 2005, is taking over the tasks of the Chair of the Board of Directors at the request of parent company the Volaris Group, replacing Mike Dufton in this role.
«In Patrick Frank and Joachim Masur we have been able to recruit two proven and high-calibre IT and insurance experts for BBT», says Hubert Rüedi, Chair of the Board of Directors. Walter Capozzolo, CEO of BBT, adds: «We are looking forward to working with them very much and are convinced that our ambitious strategic goals can be successfully realised with the help of these two gentlemen».
The new six-person BBT Board of Directors is as follows:
- Hubert Rüedi, the new Chair of the Board of Directors
- Brian Beattie, previous member of the Board of Directors and representative of Volaris
- Mike Dufton, previous member of the Board of Directors and representative of Volaris
- Hermann Biner, previous member of the Board of Directors
- Patrick Frank, new member of the Board of Directors
- Joachim Masur, new member of the Board of Directors
About BBT Software AG
BBT Software AG offers modular core systems for health, accident and life insurers, as well as absence and claims management solutions for companies. Founded in 1996, BBT now employs around 60 members of staff at three locations: Root, Visp and Zermatt and has over 65 customers from the insurance sector. More than 14,000 companies use its claims management software. BBT has been part of the international Volaris Group since 2017.