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LOGiQ3 Increases Focus on Life Reinsurance BPO, Consulting and Audit

12 March 2009, Toronto - Life reinsurance services and technology company LOGiQ3 Inc is placing an increased focus on growth of the Life Reinsurance Business Process Outsourcing (BPO), Consulting and Audit business. To enable that emphasis, Sara Murphy, currently the US Life Leader at GE Employers Reassurance will shortly join them as Vice President, Operations.

The Life Reinsurance outsourcing market is a niche which will continue to grow and become more mainstream as has happened with other parts of the insurance service chain. The main drivers will be related to multiple areas of risk management; reputation risk, regulatory risk, financial risk and operational risk.

Mike DeKoning, President and Chief Executive Officer, Munich American Reassurance Company commented: “This announcement is a clear indication that LOGiQ3 continues its practice of employing some of the highest caliber reinsurance professionals to enhance their delivery of leading edge best practices consulting and services within the Life Reinsurance industry.”

Based in Toronto and founded by Chief Executive Officer, Chris Murumets, together with Chief Operating Officer, Simon Bell, LOGiQ3 focuses on life reinsurance providing a variety of professional services including auditing, consulting and outsourcing to more than 30 companies in North America.

Chris Murumets, Chief Executive Officer of LOGiQ3, said: "Sara brings a wealth of experience to the team, having working in reinsurance from the perspective of ceded and assumed organisations. Her depth of knowledge and expertise in all facets of reinsurance is a perfect fit for us and we have taken another significant step forward."

About LOGiQ3

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 focuses on risk management, best practices and knowledgeable resources. For more information, visit www.logiq3.com.