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msg global solutions and LOGiQ3 From Joint Venture

Toronto, March 1, 2013 – 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.

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 solutions, 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. 

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