CGI ANNOUNCES CONTRACT RENEWAL WITH AIG'S AMERICAN HOME ASSURANCE COMPANY IN THE U.S. MARKET
CGI today announced that American Home Assurance Company, a member company of American International Group Inc., (AIG), has renewed for three years a contract for applications support and maintenance for certain of its policy processing operations.
Jean Brassard, CGI's President and COO, added that: "We are pleased that American Home has once again selected us to provide policy processing for commercial insurance lines nationwide across the U.S. We believe that CGI's expertise and high level of service will prove useful as American Home continues to enhance customer relationships with its network of agents and brokers."
CGI is the largest independent information technology consulting firm in Canada and the sixth largest in North America, based on its revenue run rate of $1.3 billion. The company's order backlog totals approximately $6.7 billion. CGI has 8,000 professionals and provides end-to-end IT services and business solutions to some 2,000 clients in Canada, the United States and 20 countries around the world. CGI's shares are listed on the New York Stock Exchange (GIB), as well as on the Toronto and Montreal exchanges (GIB.A). They are included in the Toronto Stock Exchange's TSE 300 Composite and TSE 200 indexes. Web site: www.cgi.ca
All statements contained in this or any other press release of CGI Group Inc., or in any document filed by the Company with the U.S. Securities and Exchange Commission, or in any other written or oral communication by or on behalf of the company, that do not directly and exclusively relate to historical facts, constitute "forward looking statements" within the meaning of the U.S. Private Securities Litigation Report Act of 1995. These statements represent the Company's expectations and beliefs, and no assurance can be given that the results described in such statements will be achieved.
This press release may contain forward looking statements that involve a number of risks and uncertainties, including statements regarding the outlook for the company's business and results of operations. There are a number of factors that could cause actual results to differ materially from those indicated. Such factors include, without limitation, the various factors set forth in the Company's annual report.
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