The new system, which replaces an outsourced heritage platform, will go live in the autumn of 2012 and will handle all their Lloyd’s, Companies and non-bureau London business.
David Stewart, CEO at Starr Underwriting Agents Ltd says: “We were looking to modernise with a powerful and highly efficient system that was totally under our control. And we needed it to be secure and compliant – that’s just what we’re getting. We chose Sequel for the quality of their people, the speed and accuracy of their systems and their reputation for on time and to budget delivery.”
Michael Graham, Sales and Marketing Director at Sequel says: “Starr Underwriting Agents Ltd will now benefit from having full access to their data running on their own high performance and top of the range system.
“We’re noticing a trend where underwriters with outsourced systems, running on outdated platforms, are actively looking to move on to fully supported modern systems so they can take advantage of the great benefits such a move brings,” Graham concludes.
London based Starr Underwriting Agents is a member of Starr Companies, an international insurance and investments organisation which underwrites a wide variety of property, casualty and specialty lines including accident and health, aviation, construction, crisis management, energy, environmental, marine, and primary and excess casualty insurance. Starr Companies also provides a broad spectrum of insurance-related services, including claims handling and settlement, reinsurance, risk assessment, loss control and worldwide travel assistance services.
About Starr Underwriting Agents Ltd
Starr Underwriting Agents Ltd has a long established trading record with high brand recognition in the insurance sector. Starr Underwriting Agents Ltd currently underwrites business on behalf of Lloyd’s syndicates CVS 1919, TOR 2243 and BRM 1861 through Starr Managing Agents Ltd (Starr Managing Agents), a Lloyd’s Managing Agent established in 2008. The business of syndicates CVS 1919 and TOR 2243 will be exclusively and entirely underwritten under a limited number of binding authority arrangements. Syndicate BRM 1861 is the Flagstone Syndicate Management Limited syndicate that provides capacity for our onshore energy account. Starr Underwriting Agents Ltd also underwrites business on behalf of Starr Insurance and Reinsurance Limited. Starr Managing Agents Limited and Starr Underwriting Agents Limited are both authorized and regulated by the Financial Services Authority.
The underwriting companies of Starr are financially stable and are rated “A” (Excellent) or better by A. M. Best
Founded in 1993 and headquartered in the City of London, Sequel Business Solutions Ltd (sequel.com) are award-winning insurance and reinsurance software specialists. Sequel’s customers are underwriters and brokers within the Lloyd’s, Companies and international insurance/reinsurance sector. The list of customers Sequel has worked with includes:
ACE INA Services UK Ltd; Alterra at Lloyd’s Services Ltd; Argenta Syndicate Management Ltd; Ascot Underwriting Agency Ltd; Berkley Re UK Ltd; BMS Group Ltd; Brit Insurance Holdings Plc; Canopius Managing Agents Ltd; Cobra London Markets Ltd; Cooper Gay Swett & Crawford Ltd; Dashwood Brewer & Phipps Ltd; Dual Corporate Risks Ltd; Equinox Global Ltd; Faraday Underwriting Ltd; Global General & Reinsurance Co. Ltd; Jubilee Managing Agency Ltd; Kiln Group Ltd; Markel International Ltd; Marsh Ltd; New India Assurance Company Ltd; Novae Group Plc; Omega Underwriting Ltd; Pioneer Underwriting Ltd; Shelbourne Syndicate Management Ltd; Starr Underwriting Agents Ltd; Willis Group Holdings Ltd.
Sequel are known for their industry expertise, professionalism, and track record for delivering successful transformation programmes ‘on time and on budget’.
Sequel deliver a powerful suite of software solutions – Eclipse - for insurers, reinsurers, brokers, MGAs, coverholders and start ups operating across the Lloyd’s, Companies and international (re)insurance markets.
Eclipse is a strategic suite of business applications built with 100% Microsoft technology that share a common business and technical architecture – all of our products have been designed with open architecture to enable easy access to information and simple connectivity with other systems. This enables customers to have a comprehensive, holistic view of their business.
Sequel’s products have been designed and developed by our insurance experts, in partnership with underwriters, brokers and MGAs. By combining process efficiencies with innovative analysis and reporting capabilities, Sequel’s products give customers control over their business information so they can make decisions quickly and with confidence, as well as taking market and regulatory changes in their stride.