SSQ General Insurance Inc. Selects Sherwood International’s FrontTier and ProCede Insurance Solutions

Sherwood replaces SSQ’s legacy applications with powerful e-business environment

ARMONK, NY –[July 30, 2002]–Sherwood International has entered
into a
multimillion dollar license and implementation agreement with SSQ
General
Insurance Inc., a Quebec-based Property and Casualty insurance
provider.
SSQ will use Sherwood’s FrontTier processing and workflow management

application and ProCede reinsurance solutions to increase business
process
efficiencies and reduce insurance processing costs. FrontTier and
ProCede
will replace all legacy systems at SSQ.

Sherwood International’s FrontTier and ProCede products will help
SSQ
streamline its processing and distribution infrastructures, allowing
SSQ to
extend its reach in the Quebec market and meet its aggressive growth

targets.

The implementation of FrontTier and ProCede at SSQ, a bilingual
implementation, will include quote, policy administration, billing,
accounting, claims management, workflow automation, statutory
reporting,
management reporting and call center integration.

“Sherwood was able to offer us the most comprehensive solution to
support
our customers, giving us more flexibility and functionality than any
other
product we reviewed,” said Marc Vachon, director, SSQ General
Insurance Inc.
“Sherwood’s exceptional implementation resources and experienced
support
teams make us confident about automating our business processes with

FrontTier and ProCede.”

“Many insurers are finding that they can do more with less by
automating
more of their business processes,” said Steven Bessellieu, president
of
North America for Sherwood International. “They are discovering that

Sherwood’s industry-specific products are both comprehensive and
flexible
enough to drive increased efficiencies and reduced processing costs.
We are
looking forward to working with SSQ to achieve these goals.”

About FrontTier:

FrontTier delivers comprehensive Property & Casualty business
solutions that
include quotation, administration, customer service, policy
administration,
claims management, rating, billing, document issuance, accounting
and
statistical reporting. FrontTier gives customers control over their
P&C
business, reduces insurance processing costs and allows for new
products to
be brought to market more quickly. Unlike traditional insurance
administration software that supports products and transactions for
insurance operations, FrontTier supports the full processes
insurance
companies must complete to be effective.

About ProCede:

A tightly integrated reinsurance management system, ProCede supports
all the
functions of a ceded reinsurance program. It places premiums with
the
correct reinsurers, tracks receivables and payables, handles
accounting and
cash management, as well as produces regulatory reports. ProCede’s
innovative technology and system design enable it to administer
multi-layered pro-rata and excess-of-loss contracts, and to manage
retroactive processing and multi-line claims calculations. ProCede
streamlines the workflow of transaction management, and offers
automatic
reminders on claim inquiries and follow-up notices, as well as proof
of
previous losses, through its diary component. ProCede operates as a
stand-alone solution but it is equipped to interface with customers’

existing systems.

About Sherwood International:

Founded in 1970, Sherwood International is a leading provider of
software
solutions and services to the global financial services industry and
UK
government.
Through major offices in London, New York, Toronto, Glasgow and
Bangalore,
Sherwood International serves over 120 clients in the Life &
Annuities, P&C
and Reinsurance sectors including international blue-chip companies
in the
wholesale and retail insurance industry.
Sherwood international (Symbol: SHC) is quoted on the London Stock
Exchange.

Visit Sherwood International’s Web site at
www.sherwoodinternational.com,
for additional information.

About SSQ General Insurance Inc.:

The property & casualty insurance sector (auto, property and
business) is in
constant growth and reflects the attractiveness and quality of
service,
which are features of the SSQ General Insurance Inc.
Direct writer and subsidiary of the SSQ Financial Group, SSQ General

Insurance offers insurance plans specifically designed for groups
and since
early 2002, also targets individuals. Coverage lets clients benefit
from
competitive rates in auto, property/legal and business insurance,
while
procuring innovative insurance products and an indemnization policy
second
to none.
Solidly anchored in the tradition of excellence that is its
strength, SSQ
General Insurance serves its clients with a professional and
dedicated team
of 200 individuals and an emergency claim service 24 hours a day,
seven days
a week.