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LOGiQ3 pioneers first of a kind in life reinsurance industry

12th August 2009: Life reinsurance services company LOGiQ3 Inc is the first Business Process Outsourcing provider in the sector to deliver an on-demand infrastructure that powers business critical applications and systems for a major US client.

Working in collaboration with BlueLock, a cloud computing and managed IT services provider, LOGiQ3 has designed and deployed an innovative VMware-based 'cloud computing' environment.

This innovative 'infrastructure-as-a-service' approach ensures that computing capacity is tailored exactly to business needs, releasing companies from being trapped in the inefficient scale and cost model of traditional hosted infrastructures.

A spokesperson for the major US client commented:

"LOGiQ3 has harnessed the collaborative efforts between all parties involved to produce, on time and on budget, a ground breaking solution that ticked all the boxes we required: flexibility, scalability, security, business continuity and, naturally, cost. There are now 50,000 cessions under active management and this is set to double by the end of the year."

Simon Bell, Chief Operating Officer of LOGiQ3 said that the option for companies to build their own data centres is no longer feasible from both a financial and time perspective:

"Using a traditional physical hosted environment requires companies to obtain systems and applications hardware which then requires constant management overhead of extending and maintaining this growing physical environment. The cloud computing platform that BlueLock provides enables our clients to closely align the growth of their business with our infrastructure capacity without these costs and considerations."

LOGiQ3 is one of the leading agents of change within the life reinsurance industry, combining experienced industry personnel together with processes and bespoke technology across all the business functions.

About BlueLock

BlueLock serves its clients by providing the people, expertise and IT infrastructure in a world-class, SAS 70 certified data center.

The company provides Virtual Cloud Computing through Infrastructure-as-a-Service (IaaS) where clients subscribe monthly to just the right amount of computing, storage and bandwidth capacity needed today with the ability to grow "on demand" in the future.

Their unique IT environments are ideal for Web-facing software applications (also known as Web 2.0 or SaaS) and IT environments that require high availability and the ability to expand and contract dynamically for production or disaster recovery.

BlueLock, a Collina Ventures company, is privately-held and headquartered in Indianapolis, Indiana.

www.bluelock.com

About Global Reinsurance

Global Reinsurance is published by Newsquest Specialist Media Ltd (NSM) an international media organisation, providing specialist business-to-business and consumer information for a diverse range of industries, part of the Newsquest Media family in the UK and ultimately owned by Gannett, the publishers of USA Today. It is the leading media brand in the international reinsurance sector and is the primary information source and guide for key stakeholders and senior decision-makers in the international insurance market. The magazine is published 10 times a year.

www.globalreinsurance.com is the premier online source of analysis and news for insurance professionals worldwide. This online service provides daily breaking news, analysis, in-depth research and interactive discussions.

Visit Global Reinsurance online at: www.globalreinsurance.com