Federated Life partners with Global IQX to offer online sales capabilities

Ottawa, Ontario – July 14, 2004

Global IQX Inc., the leader in integrated e-business automation solutions for the group life and health insurance industry, today announced a distribution and licencing agreement with Federated Life.

Federated Life will distribute its Critical Illness Protection products through the ConnectInsure™ insurance portal at ConnectInsure™, developed by Global IQX currently enables 2500 financial advisors, brokers and other certified benefit planners manage their clients better while streamlining their business processes by offering instant online, comparative insurance quotations, proposals and enrollment from multiple carriers on a secure 24 hour basis.

“It’s a proven web-based solution that will help Federated Life efficiently achieve its growth objectives and better serve its broker community”, said Doug Curtis VP Business Development of Federated Life.

As well, Global IQX will licence its IQX Engine™, it’s propriety business rules engine to quote the Critical Illness products.

“We are happy to add Critical Illness product to ConnectInsure and are equally pleased in the confidence Federated Life has shown in us”, said Michael de Waal, president and founder of Global IQX.

-30-

About Federated Life Corporation
The Federated Insurance Companies of Canada are 100% Canadian owned subsidiaries of Fairfax Financial Holdings Limited headquartered in Winnipeg, Manitoba. Licenced in all provinces, Federated offers property, automobile, general liability, life, and health insurance products for commercial businesses and personal lines markets.

About Global IQX, Inc.
Global IQX, www.globaliqx.com, established in 1999, specializes in configurable, component-based sales and services automation solutions that streamline and optimize business processes for North American group benefits insurance organizations. Offered as a complete suite or individually, these solutions automate rating, underwriting, renewal and enrollment supporting all lines and market segments. Global IQX production proven solutions increase operational efficiency and reduce cost while promoting improved communication and interaction within and across departments. Developed and delivered by a team with group insurance depth and experience, these solutions give business users more control, with less dependence on IT resources. Clients include many of North America’s largest insurance companies.