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October 20, 2006
To: REM Colleagues, Customers and Brokers
REM Announces Selection by TIG Insurance Company (“TIG”) for Workers Compensation Claims Management Services
REM is pleased to announce its selection as the provider of Workers Compensation claims management services to TIG. Upon completion of rigorous, joint transition planning, REM will assume servicing responsibility for the substantial majority of pending TIG Workers Compensation claims by year-end, as well as newly reported claims. Information technology services, including REM’s illuminsm suite of RMIS tools, along with other related loss cost management services, will form a package of total claims solutions to TIG.
TIG, a Fairfax Financial Group company, entered run-off beginning December 2002 and is among the discontinued operations managed by the RiverStone Group, also a Fairfax company.
Commenting on the announcement, Mike Riney, REM President and CEO, said “TIG and RiverStone are committed to a highly disciplined, professional and service-oriented run-off of Workers Compensation claims. We are grateful to them for the confidence they have shown in REM, and are excited about the opportunity to deliver our loss cost management, information systems and tailored service approach to TIG, its customers and producers.”
“TIG’s dedication to superior claims service has remained unchanged throughout the run-off. We are convinced that an association with REM will result in the best outcome for all TIG stakeholders, and we look forward to a successful collaboration”, said Tom Wilczek, Vice President of Claims Operations and Construction Defect Claims for RiverStone.
About REM
Headquartered in Cranbury, N.J., REM (www.remltd.com) is owned by Zurich Financial Services and provides claims, managed care and risk management TPA services to businesses, insurers, reinsurers and brokers in the United States. Known for controlling its customers’ loss costs by aggressively managing leakage through the constant application of professional best practices, the company also provides customers with user-friendly, web-based information tools along with extraordinarily responsive, tailored customer service. In addition to its offices throughout the U.S., REM provides services to its global customers through an alliance with London-based Claims Management Group Limited (CMGL).
For further information, contact:
Matt Craig, Senior VP, Business Development
(609) 495-0020
matthew.craig@remltd.com
or
Mike Riney, President and CEO
(609) 495-0016
michael.riney@remltd.com
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