“We wanted to challenge and double check the valuation provided by our counterparties for our OTC products. We were also interested in developing more expertise to follow and risk-manage our investment strategies. We found out in Price-it® online a product that offers accurate fair prices with models managing the same level of innovation and complexity as the one of the sell side" said Alain Bombo, Senior Financial Consultant of Finance & Structured products of AG Insurance. “Beyond its proven accuracy, we were impressed with the service's extensive coverage and quality of the support."

With the current volatile and turbulent environment, insurance companies are looking for independent valuation source to monitor their structured products.

Eric Benhamou, CEO of Pricing Partners, who worked previously at Goldman Sachs, comments “We are very proud to start a long term relationship with a world class asset manager like AG Insurance, known for its great professionalism. AG Insurance adds a key reference to our client portfolio and positions Pricing Partners as a leading provider of financial derivatives pricing solutions. And we anticipate that independent valuation for asset managers using structured products will become central to this activity to risk manage appropriately their positions. With its extensive coverage, its simplicity and its precision, Price-it® online matches completely the needs of asset managers and should fulfil their requirements. It enables them to challenge counterparties valuation, build a real pricing expertise and control risks better. Price-it® concentrates years of experience in pricing derivatives and brings to asset managers a powerful tool with the most recent valuation methods.”

Pricing Partners independent valuation is available for all major asset classes of derivatives: interest rates, credit, foreign exchange, equities, inflation, commodities, life insurance, energy and hybrids. It uses Pricing Partners analytics and models with the company proprietary market data as input, providing unmatched coverage and true market values for an extremely broad range of vanilla and exotic instruments.

AG Insurance has chosen Price-it® online after months of assessment of the multiple benefits of an independent valuation solution. “The decision of AG Insurance, which has a very strong expertise in structured products, is a strong sign of credibility for Pricing Partners. This demonstrates our ability to offer tailored services. The software responds to a real demand from the market in terms of independent valuation on a wide range of derivatives products”, said Eric Benhamou, President of Pricing Partners. “As we continue our international development, we are very pleased to have such an important client as AG Insurance”.

About AG INSURANCE

On 22 June 2009, Fortis Insurance Belgium changed its name. With the new name, AG Insurance, the country’s number one insurer intends to take a fresh start and to build a bridge between past and future. The Fortis banner in Belgium did not only cover a major bank but also a major insurer. Fortis Insurance Belgium is indisputably the number one life insurer and the number two non-life insurer in Belgium. The company was established in 2006 as a result of the merger of Fortis AG (formerly AG), which cooperates with insurance brokers, and FB Verzekeringen, the former insurance company of Fortis Bank.

About Pricing Partners

Set up by former professionals of the trading industry, Pricing Partners offers accurate solutions for derivatives products valuation, pricing tools and risk analytics. Thanks to Price-it online, a SaaS platform, Pricing Partners provides independent valuation from the vanilla to the most exotic financial products on most assets (Interest Rates, Fixed Income, Equity, Inflation, Credit, Foreign Exchange, Commodities, Life Insurance and Hybrid products). Pricing Partners develops and commercializes Price-it Excel, an analytic and independent pricing library using a generic payoff language description which allows the pricing of virtually any financial derivatives. Price-it also supports VaR, CVaR and the most common risk management tools. Pricing Partners is the only company completely mastering the chain of valuation, developing both its own pricing library and a valuation platform giving its clients very accurate and reliable valuation as a result of its intrinsic knowledge of the pricing tools. Pricing Partners solutions can be used by investment banks, buy side firms, hedge funds, financial departments, trading rooms and audit firms.

Pricing Partners has also signed numerous partnerships to distribute its technology with leading institutions like NYSE Euronext (for its independent valuation service via Primesource), Misys (for its pricing library integrated into Summit), CMA or Lexifi. It is also a Microsoft IDEES partner, an IBM, Sun, Datasynapse and ActiveEon partner. It is also a member of the grid research consortium GCPMF regrouping BNP Paribas, Calyon, Ecole Centrale, EDF, ENPC, the Inria, Natixis, Misys, Pars VI University and Supelec and a global coordinator of the Credinext consortium, in collaboration with PrimeSource, Lunalogic, the Ecole Polytechnique, the ENPC, the University of Marne La Vallée and the INRIA.

CONTACT: Marketing Department, Pricing Partner

Tel: +33 1 5526 43 00

Fax: +33 1 5526 42 03

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