January 9, 2018 11:30
Photo : Freepik
RGAx, a subsidiary of Reinsurance Group of America, announced that an agreement has been entered into for the acquisition of LOGiQ3.
The Group LOGiQ3 provides technology solutions, consulting and outsourcing industries in the north american insurance and reinsurance. The Group includes LOGiQ3 Corp., APEXA, Cookhouse Lab and Tindall Associates.
The Group employs approximately one hundred people in the United States, Canada, and the United Kingdom. In his announcement, RGAx explains that LOGiQ3 will keep its operations separate and will not have to divest itself of its employees. The transactions are expected to close during the first quarter of 2018. The terms of the acquisition are not being disclosed.
«The team members of the Group LOGiQ3 are regarded as leaders and innovators of the industry and the mission, the culture, the customer orientation and the values line up with those of RGAx, highlights Dennis Barnes, CEO, RGAx. Platforms combined of LOGiQ3 and RGAX will offer a powerful range of technology products and services for the entire industry. «
«This acquisition is an indicator that the Group’s services LOGiQ3 will continue to expand and add value to our current and future customers,» adds Chris Murumets, co-founder and CEO of LOGiQ3. RGAx supports our commitment to providing services that will lead ultimately to positive changes in the industry. «