Renaming of COR&FJA AG to msg life ag completed

(lifePR) ( Leinfelden-Echterdingen, )
The renaming of the former COR&FJA AG (ISIN DE0005130108) as 'msg life ag' has been completed with the entry of the alteration to the company's articles of association in the respective commercial register. The change of name had been adopted with a large majority at the company's last annual general meeting at the end of June this year. The company's previous stock-market ticker symbol ('FJH') will shortly be changed to 'MSGL'. The company also intends to extend its new name to msg life ag's European subsidiaries as far as possible. The intention in taking this step is to signalise clearly, also to the outside world, msg life ag's affiliation to the msg Group and the increasingly close collaboration within an even larger and commercially more effective group of companies that will result.

Since its successful strategic realignment in the financial year ended, msg life in Europe has been concentrating on its core business concerning all aspects of the development and implementation of standard software solutions and specialist advice. The target groups of these activities are life insurance companies, providers of private old-age provision schemes and, in the US market, healthcare insurance companies. In recent years, moreover, msg life has been intensifying its cooperation with its major shareholder msg systems and its other subsidiaries so that it will be able to offer an integrated portfolio across all insurance segments and all core processes of insurance companies.

In connection with this, the products and consulting services from msg life will be a fixed element of the msg Group's portfolio for the life insurance market. As the largest company in this successful group, msg life will become a partner of even greater strategic importance for its customers and an even more attractive employer for its staff. Apart from that, msg life's Management Board is convinced that by taking this step, it will be able to offer the company and its shareholders long-term income potential that considerably exceeds the current possibilities.

About the msg Group

msg is an independent, internationally active group of companies with more than 4,500 employees around the world. It offers an integrated portfolio of services that consists of imaginative strategic consulting and intelligent, sustainably value-adding IT solutions for the automotive, financial services, food, insurance, life science and healthcare sectors, the public sector, telecommunications and media, travel and logistics, and utilities sectors and has acquired an outstanding reputation as a specialist in these industries over a period of more than 30 years.

The range of different sector-and theme-specific focal points is covered by independent companies within the Group: in this structure, msg systems ag constitutes the core element of the Group and cooperates closely with the companies in functional and organisational matters. In this way the competencies, experience and expertise of all the members are bundled within an integrated solution portfolio with measurable added value for customers. msg occupies seventh place in the ranking of IT consulting and systems integration companies in Germany.
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