Accident Fund Holdings, Inc. Names Freund Chief Financial Officer

LANSING, Mich., June 20, 2011 /PRNewswire/ -- Accident Fund Holdings, Inc. announces the appointment of Frank Freund, of East Lansing, Mich., as chief financial officer.  Freund is replacing Ron Schoen, who served as chief financial officer for the company for the past 23 years.

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In this role, Freund serves as a key executive team member and business partner at Accident Fund Holdings.  As chief financial officer, he is responsible for providing strategic direction and management oversight to all corporate and regulatory finance functions, including accounting, financial reporting, budgeting and planning, and plays a significant role in risk management.  

"Frank brings nearly 30 years of experience and expertise in the accounting and financial fields, as well as an outgoing, energetic leadership style that makes him a terrific fit for this role," Liz Haar, president and CEO of Accident Fund Holdings, said.  "I am excited to have him join our executive team."

Freund most recently served as executive vice president, chief financial officer and treasurer for American Physicians Capital, Inc., a publicly traded medical professional liability company.  Prior to that, he worked in public accounting for  Deloitte & Touche; Andrews, Hooper, Pavlik; and Ernst & Young serving clients in the insurance and health care sectors.

Frank, and his wife Janet, have lived in the Lansing community for over 30 years and have raised three children.  Frank has been an active member in the community and has served as board chair for St. Vincent's Home and president of Lansing Sunrise Rotary.  Freund earned a bachelor's degree in accounting from Michigan State University and is a Certified Public Accountant (CPA).

Accident Fund Holdings, Inc.

Accident Fund Holdings, Inc. is a workers compensation insurance holding company conducting business through four operating units: Accident Fund Companies, located in Lansing, Michigan; United Heartland, located in New Berlin, Wisconsin; CompWest, located in San Francisco, California; and Third Coast Underwriters, located in Chicago, Illinois. Its insurance company subsidiaries are rated "A" (Excellent) by A.M. Best.  Accident Fund Holdings is a wholly-owned subsidiary of Blue Cross Blue Shield of Michigan.

SOURCE Accident Fund Holdings, Inc.



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