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LOGiQ3 Solutions Corporation

LOGiQ³ launches Life Reinsurance Business Process Outsourcing company

14th July 2009: Life reinsurance services company LOGiQ³ Inc announces the creation of a bespoke Business Process Outsourcing (BPO) company for the industry, LOGiQ³ Solutions Corporation.

Since its start up in 2005, LOGiQ³ has become well known as a service provider to the North American life reinsurance community via its consulting and audit services and Chris Murumets, Chief Executive Officer, says that this is the next natural step in the evolution of the business:

"We have been working with several companies to help them manage their own reinsurance operations, and are now ready to take this further and manage it on their behalf. With recognised industry professionals in place to lead this initiative, I am delighted that LOGiQ³ Solutions Corporation has already secured its first client, a US direct writer."

The LOGiQ³ BPO service handles all functions expected in a ceded reinsurance department: reinsurer billing and correspondence, retention management, claims administration and adjudication, treaty administration, underwriting, treasury management and thorough management information reporting.

Simon Bell, Chief Operating Officer of LOGiQ³, adds that the industry is ready for a BPO solution specifically focusing on life reinsurance administration:

"This business continues to get increasingly complex with insurance and reinsurance companies now looking for flexible expense models whilst best managing their reinsurance risk, and our leadership team has significant reinsurance experience to deliver this requirement."

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. Re-launched in 2007, this online service provides daily breaking news, analysis, in-depth research and interactive discussions.

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