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Media

Holistic and Office Growth for LOGiQ³

Life Reinsurance Services Company Compelled To Relocate
To New Premises

9th November 2009: Following a year of rapid expansion of operations and growth in business, Life Reinsurance services company LOGiQ³ Inc has moved to new offices in Toronto to allow for further development of their offerings of administration, claims and underwriting auditing, consulting and complete outsourcing.

The company, which now employs 15 people, targets knowledge gaps within the life reinsurance industry and has built a team who focus on risk management, best practices and knowledgeable resources.

Chris Murumets, CEO of LOGiQ³, says:

"After two and a half years, we really need more space to expand out of our offices on Church Street and are very excited about the new location where we are able to continue with our ‘brick and beam’ theme."

"With our Freedom to Think mantra comes the need for constant training and development in sync with the expansion of all our services. Whether this is the underwriting training course we have conducted during the past few years, or the administration, claims and audit courses currently being developed, we now have a dedicated space to continue to train ourselves and our clients," he adds.

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.

The company's new office address is 105 King Street East, Toronto, Ontario, M5C 1G6.

About LOGiQ³

Founded in 2006 by Chris Murumets and Simon Bell, LOGiQ³ focuses on life reinsurance providing a variety of professional services including auditing, consulting and outsourcing to more than 15 companies in North America from its offices in Toronto, Canada, and Cardiff, UK.

In September 2008, LOGiQ³ was placed 16th by Canada's PROFIT magazine in its annual PROFIT HOT 50 ranking, the first company from the life reinsurance industry to be recognised since nominations began.

Chris Murumets, Chief Executive Officer, has been in various sectors of the reinsurance service chain since 1990 and prior to LOGiQ³ worked with Sun Life Reinsurance.

Simon Bell, Chief Operating Officer, has a broad technology background and previously worked for Friends Provident in the UK. Former co-chairperson of the ACORD life reinsurance working group he helped in defining data standards for the life reinsurance industry.