MSG Global Solutions and Logiq3, both providers of reinsurance services across insurance, have joined to acquire Tindall Associates, a life reinsurance software software provider and consultancy.
The acquisition adds TAI's more than 100 customers in ceded and retroceded reinsurance systems to MSG and Logiq's ecosystem. Those customers gain access to additional insurance and reinsurance expertise and a full suite of reinsurance administrative software, the companies say.
TAI operations will remain independent, with support from MSG and Logiq3 for any future software development, architecture or consulting services. The firm’s current leadership, along with its license model, will remain in place.
“Reinsurance has been a focus of the MSG group since the 1980s,” said Bernhard Lang, MSG CEO, in a statement. “With the TAI solution we realize a complement to our reinsurance offering and can offer more services to our existing customers and serve new customers with specific needs for ceded and retroceded reinsurance and life reinsurance. The innovations we will bring to the TAI solution will also benefit the existing customer base of TAI.”
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