Basel-II News

MetLife Signs for Kamakura Basel II Solution

(April 10, 2007)-- Kamakura Corporation reported that MetLife, one of the ten largest life insurance companies in the world, has signed an agreement with Kamakura to extend its enterprise-wide Kamakura Risk Manager [KRM] software implementation to include calculation and reporting of Basel II capital requirements. The Company, which has over $527 billion dollars in assets, has been relying on the KRM solution in its investment department and its affiliated banking company since 2003. MetLife is also a subscriber to the Kamakura Risk Information Services default probability and correlation service.

"MetLife has steadily increased its reliance on Kamakura Risk Manager since the initial installation in 2003," said Rich Owens, Vice President in the Portfolio Management Department at MetLife. "The integration of credit risk, market risk, and asset/liability management that Kamakura offers is unique in the industry. That integrated view of risk is something we are seeking to take full advantage at MetLife Investments."

"MetLife is both one of the largest insurance companies in the world and one of the largest bank holding companies in the United States," said Warren Sherman, Kamakura President and Chief Operating Officer. "The blurring of the boundaries within the financial services industry makes it essential to see and analyze the impact of changes in the economy on all assets and liabilities in all business lines, both for shareholder value creation and for best practice corporate governance. We are honored to have the opportunity to work even more closely with MetLife in the years ahead."

Kamakura has several insurance, guarantee, and reinsurance companies as clients. For more information, please see Kamakura's web site www.kamakuraco.com.

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