RSA Renews IT Services Agreement With CGI for 6 Years - Yahoo Finance
TORONTO, ONTARIO--(Marketwire -05/16/12)- CGI Group Inc. (GIB.A)(GIB), a leading provider of information technology and business processing services and RSA Canada, one of Canada's leading home, auto and business insurers, has renewed a 6-year agreement worth $80 million for IT infrastructure services.
This agreement will see CGI provide infrastructure management services including mainframe and mid-range equipment, and data storage and recovery for RSA's broker and customer programs and services.
"CGI, a long-time partner to RSA, not only understands our business, but also has extensive experience in the P&C insurance market," said Steve Knoch, Senior Vice President, IT & eBusiness, RSA Canada. "Having stable, reliable, cost effective IT infrastructure services delivered by our trusted partner will continue to be critically important as we move forward together."
"As one of Canada's leading insurance companies, RSA is focused on providing exceptional service and support to clients during difficult times," said Doug McCuaig, President, CGI, Canada Operations. "CGI is proud to continue to manage the IT infrastructure that supports RSA's most important business functions."
In a fiercely competitive industry, insurers are challenged to find ways to transform their operations to drive efficiencies, cut costs, differentiate themselves and generate sustainable profitable growth. At CGI, we do more than just build systems. Our insurance professionals understand and can perform virtually every aspect of an insurance operation. This expertise combined with our end-to-end IT and business process management services and solutions for P&C insurers, life insurers, and health insurance plans are driving results for insurers across the globe. www.cgi.com/insurance
About RSA
RSA Canada includes Roins Financial Services Limited,Royal & Sun Alliance Insurance Company of Canada, Quebec Assurance Company, Johnson Inc., Western Assurance Company, Ascentus Insurance Ltd., Canadian Northern Shield Insurance Company, RSA Travel Insurance Inc./Assurance Voyage RSA inc., and is part of the RSA group of companies headed by RSA Insurance Group plc. RSA Canada employs approximately 3,700 people and is represented by a large network of brokers across the country. In 2010, the Canadian Group wrote $2.1bn in direct premiums with assets exceeding $5.8 billion. Internationally, RSA Insurance Group plc employs about 22,000 people and has the capability to write business in 130 countries and in 2010 its net written premiums were GBP 7.5bn. RSA is a trade name of Royal & Sun Alliance Insurance Company of Canada. "RSA" and the RSA logo are trademarks of used under licence from RSA Insurance Group plc.
About CGI
Founded in 1976, CGI Group Inc. is one of the largest independent information technology and business process services firms in the world. CGI and its affiliated companies employ approximately 31,000 professionals. CGI provides end-to-end IT and business process services to clients worldwide from offices and centres of excellence in Canada, the United States, Europe and Asia Pacific. As at December 31, 2011, CGI's annualized revenue was approximately $4.1 billion and its order backlog was approximately $13.6 billion. CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB) and are included in both the Dow Jones Sustainability Index and the FTSE4Good Index. Website: www.cgi.com.
16 May, 2012
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Source: http://finance.yahoo.com/news/rsa-renews-services-agreement-cgi-123600717.html
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