Perot Systems bags 10-yr contract from Swiss Re

TEXAS, USA: Perot Systems Corporation, a provider in IT services, announced on Wednesday that it has been awarded a 10-year extension to its current administrative services agreement with Swiss Re, a global reinsurer.

The agreement further strengthens the decade-long relationship between the companies, said a press release.

The deal states that Perot Systems would continue to provide ongoing administrative and business process services, including support for new Swiss Re acquisitions, customer service and transaction processing through Perot Systems LifeSys full service policy administration platform.

"We are committed to helping Swiss Re continue its outstanding record of success in the Life and Health insurance segments," said Peter Altabef, Perot Systems, president and CEO.

He added that they are proud to be Swiss Re's trusted administrative services provider as it delivers high-quality services to its customers in the years ahead.

The Swiss Re extension highlights Perot Systems' long-term commitment to helping its clients achieve success in the insurance industry.

"We look forward to continuing to build on our relationship with Perot Systems," stated Ken Stewart, managing director and president of Reassure America Life Insurance Company, a subsidiary of Swiss Re.

Perot Systems provides end-to-end business process, consulting, application and infrastructure solutions to the life insurance and annuity industries.

The company currently manages more than 3,000,000 policies for more than 30 leading life insurance and annuity providers across the world, the release added.