RGAx to Acquire LOGiQ3 Group

ST. LOUIS – RGAx, a subsidiary of Reinsurance Group of America, Incorporated announced that it has agreed to acquire LOGiQ3 Inc.– a group of companies that provides technology, consulting, and outsourcing solutions to the North American life insurance and reinsurance industry. The LOGiQ3 Group includes LOGiQ3 Corp., APEXA, Cookhouse Lab, and Tindall Associates Inc. (TAI).

LOGiQ3 Corp. specializes in consulting and outsourcing services for life insurance underwriting, claims, and life and health reinsurance administration. APEXA delivers a centralized online solution for advisor contracting and compliance in Canada. Cookhouse Lab, a joint venture with msg global solutions, aims to accelerate insurance innovation by bringing the industry together through an open and collaborative model. TAI is the U.S. market leader in reinsurance software and consulting services with over 30 years of experience. In a related transaction, RGAx will also acquire the remaining ownership stake in TAI held by msg global solutions. 

“The team at LOGiQ3 Group are proven industry leaders and innovators with a mission, culture, customer focus, and values that closely align with those of RGAx,” said Dennis Barnes, Chief Executive Officer of RGAx. “The combined business platforms of LOGiQ3 Group and RGAx will provide a powerful suite of technology and service offerings across the insurance industry value chain.”

“This acquisition is a strong indicator that LOGiQ3 Group’s innovative insurance services will continue to expand and add value to our existing and future customers,” said Chris Murumets, Co-Founder and Chief Executive Officer of LOGiQ3 Inc. “RGAx supports our commitment to provide services that ultimately drive positive change in the industry.” 

“We have a vision of making insurance simpler, better, and remarkable,” adds Simon Bell, Co-Founder and Chief Executive Officer of LOGiQ3 Inc. “Together, we will be an extraordinary force, bringing new perspectives and helping to solve some of the challenges faced by the industry today.” 

LOGiQ3 Group, with approximately 100 employees in the U.S., Canada, and the U.K., will maintain a separate operation and retain employees in their current roles. The transactions are expected to close during the first quarter of 2018.