PRZOOM - /newswire/ -
London, United Kingdom, 2011/05/06 - International broker BMS Group have just successfully launched their new London UK MGA operation, Pioneer Ltd, on Sequel’s Eclipse insurance software following a rapid implementation. This new MGA can now focus on growth without distraction.
Pioneer’s business is now running on the Eclipse software backed up by fully managed services provided by Sequel, the insurance and reinsurance software specialists. It is Sequel’s second MGA customer.
Phil Hill, Operations Director at BMS Group, says: “We chose Sequel because they work fast, accurately and effectively – they’ve got us up and running in a matter of weeks. They really understand us and our market place – that’s why we were confident that we could place our new business requirements in their hands.”
Michael Graham, Sequel’s Sales and Marketing Director, says: “BMS are a dynamic, forward-thinking company – they knew they could trust us to get Pioneer up and running on time and within budget and we did. This approach has allowed BMS’s Pioneer MGA to focus its efforts on achieving profitable growth without distraction while we take care of the business software and associated services.”
“There’s a trend for new MGAs looking for the benefits this kind of managed software and services brings. MGAs need a robust, flexible and good value system to support their business when they launch – without having to worry about running, maintaining and updating it. We have seen a significant amount of interest in the market place since new MGA Equinox Global Ltd came on board late in 2010 - and we have more MGA customers in the pipeline,” Graham concludes.
Pioneer accesses its Eclipse insurance software via a browser. Sequel run the software, which includes the recently published Lloyd’s standard premium and claim bordereaux reports, on a dedicated server and deal with all the software and hardware maintenance, servicing and upgrades.
Founded in 1980, BMS services clients from locations in London, Bermuda and North America, focusing on Reinsurance, Binding Authority and Insurance broking. In 2009 the Group’s turnover was £46.9 million.
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 Global General & Reinsurance Co. Ltd
• Alterra at Lloyd’s Services Ltd Jubilee Managing Agency Ltd
• Argenta Syndicate Management Ltd Kiln Group Ltd
• Ascot Underwriting Agency Ltd Markel International Ltd
• BMS Group Ltd Marsh Ltd
• Brit Insurance Holdings Plc New India Assurance Company Ltd
• Canopius Managing Agents Ltd Novae Group Plc
• Cobra London Markets Ltd Omega Underwriting Ltd
• Dashwood Brewer & Phipps Ltd Shelbourne Syndicate Management Ltd
• Equinox Global Ltd Willis Group Holdings Ltd
• Faraday Underwriting Ltd.
Sequel are known for their industry expertise, professionalism, and track record for delivering successful transformation programmes on time and on budget.
Sequel deliver powerful suite of software solutions – Eclipse - for insurers, reinsurers, brokers, MGAs and coverholders, start ups and run-off 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 and brokers. 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.