LOGiQ³ Corp and msg global solutions Form Joint Venture to Serve Life Reinsurers with Full Spectrum Solution

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Two leading solution and service providers in the life reinsurance industry announce the creation of a joint venture supporting insurer demand in the global life reinsurance market.

The joint venture will utilize the synergy derived from each entity’s specific expertise and experience to create a leading offering of the life insurance and reinsurance technology and services.

LOGiQ³ Corp. (LOGiQ³), a Toronto based company, delivering expert life insurance and reinsurance services, and msg global solutions, Inc. (msg global), a Zurich based leading provider of integrated IT solutions to companies in various industries, including insurance and financial services, announced today plans to launch a joint venture dedicated to implementation of life reinsurance solutions.

With thirty years of experience, msg global brings a deep understanding of the technical and business requirements for reinsurance application development and system integration- especially on the SAP platform. Coupled with LOGiQ³’s primary focus on life insurance and reinsurance services, the two organizations will provide solutions to the insurance sector globally through the focused effort of a combined entity.

Chief Operating Officer for LOGiQ³, Simon Bell, shares, “We are very excited with the potential for this new joint venture which leverages the strengths of both companies. One of our greatest successes at LOGiQ³ has been developing a team with in-depth Life industry knowledge- from Underwriting through to Audit. By joining our team with msg global’s technology capabilities and global reach, we’ll accelerate growth and development while meeting a need in the insurance industry.”

The joint venture will utilize the synergy derived from each entity’s specific expertise and experience to create a leading offering of the life insurance and reinsurance technology and services.

Bernhard Lang, CEO of msg global comments, “Insurance clients today demand greater cost-efficiency and decreased dependency on in-house solutions. The market experience of LOGiQ³, and the implementation and system development experience of msg global, provide a valuable service to our clients and help meet this goal.” Lang continues, “Together with LOGiQ³ we will provide solutions based on best practices and SAP technology for the life reinsurance market in North America. Our extensive experience provides the basis for standardizing the business processes of professional reinsurance companies, primary insurance companies and service providers.”

The new entity is expected to launch in the second half of 2013.

About LOGiQ³:

LOGiQ³ is the expert provider of life insurance and reinsurance consulting and outsourced services. LOGiQ³ delivers long-term strategic solutions and short-term tactical support across Underwriting, Reinsurance Administration, Claims and Audit. LOGiQ³ supports clients across the life insurance service chain from agent to retrocessionaire from its offices in Toronto, Canada, and Cardiff, UK. To learn more about LOGiQ³, visit http://www.logiq3.com

About msg global solutions:
msg global solutions combines insurance, reinsurance and banking insight with technical expertise to deliver business consulting, AMS, systems integration, mobility and analytics to clients worldwide. Our dedicated staff has in-depth business experience in all lines of insurance/reinsurance. msg global consultants are well versed in state-of-the-art technology, especially the SAP NetWeaver platform. To learn more about msg global solutions, visit http://www.msg-global.com

Notes for Media and Editorial Departments
For any questions, please contact:

Natalie Ho, LOGiQ³
Assistant Vice President

Mendee Morgan
msg global solutions
Associate Director

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Natalie Ho
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