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Life Reinsurance Consulting Firm, mL3 global life, Introduces Industry Veteran as CEO

Princeton, NJ, July 29, 2013 – mL3 global life is pleased to announce that Michael Barnett, retiring CEO of Employer’s Reassurance Corp., a subsidiary of General Electric, will join mL3 global life in August 2013 and lead the new joint venture as President and CEO.

Michael Barnett’s career in the industry includes eleven years with General Electric Capital Corp. with seven of these years as Chairman and CEO of Employer’s Reassurance Corp., Union Fidelity Insurance Co. and Heritage Casualty Insurance Co. He joined GE ERC as part of its acquisition of AUL Reinsurance in July of 2002, as the US Life Reinsurance Leader for Global Life & Health.

Barnett began his insurance career as an agent with Mutual Benefit Life in 1976. He joined AUL Reinsurance in 1979 and for 23 years held responsibility for ceded and assumed administration, claims, systems, treaties, accounting, group reinsurance and the North American Life Reinsurance operation.

mL3 global life serves the North America life and health reinsurance market (ceded, assumed, and retrocession) by providing industry expertise, business consulting, and software application integration services. mL3 helps clients think through their toughest challenges, identify and plan solutions for those challenges and create significant business transformation.

mL3 also supports the introduction of msg.LRM, an SAP-based integrated solution for life reinsurance companies, to the North American market by offering consulting services in conjunction with the installation of that product.

Barnett joins Raymond DiDonna, who was recently appointed Chief Operating Officer of mL3. Simon Bell, COO of LOGiQ3 and joint venture partner notes, “Michael Barnett brings rich organizational and reinsurance industry experience to this joint venture. Knowing that Michael and Ray also see the opportunity in life reinsurance solutions that LOGiQ3 and msg global identified when entering into the joint venture gives further weight to our decision to pursue this market with an in-depth product and service offering.” He adds, “Both Michael and Ray have a great track record and excellent reputations within the industry. We know their knowledge, experience and network will accelerate mL3 global life’s market entry with the first client, likely in early third quarter.”

CEO of msg global, Bernhard Lang, offers, “The background that Michael brings in terms of years of experience and management with major insurers completes the framework already in place through the joint venture of msg global and LOGiQ3. Our vision for delivering cost-efficient solutions to reinsurers, based on best practices, SAP technology and decades of experience in reinsurance, is now a reality for the life reinsurance market in North America.”

For more information on mL3 global life and their service offering visit the company website: www.mL3global.com.



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