Sapiens International Corporation N.V. announced that insurance industry veteran Gary Sherne has joined the company. In his new position as Sapiens' EVP and Managing Director of the P&C/General Insurance & Reinsurance Division, Sherne will be responsible for integrating and driving the company's global P&C/General Insurance and Reinsurance product and services businesses. Gary brings to Sapiens an extensive and impressive history of success in leading global insurance and banking software companies.

Prior to joining Sapiens, Sherne was President and Chief Executive Officer with StoneRiver Inc. where he was responsible for the company's strategy and overall management of its P&C and Life insurance carrier markets. Yoel Amir, who was IDIT CEO since 2005, and has led the P&C Insurance division since the merger with Sapiens, will step down from his position and leave Sapiens to pursue new opportunities.