Sequel, the insurance and reinsurance software specialists, have just successfully completed, on time and on budget, the software to support Markel’s business transformation programme.
William Stovin, Chief Operating Officer at Markel, comments: “Sequel have delivered what they promised. They’re helping us achieve our major business transformation milestones with their software and supporting expertise. Sequel understand the market and our business - and their ability to deliver to timescale has been clearly demonstrated.”
Michael Graham, Sequel’s Sales and Marketing Director, says: “We have been working closely with Markel’s team to make sure we delivered on time and on budget. Eclipse is the central component on which Markel’s global business change programme is being built. This all important modernising phase paves the way for the rest of our planned large-scale delivery programme. The programme will give Markel just one core system to run its global business on.
“Markel wanted a new flexible and powerful system that would improve data management, include straight through processing and give one single point of access for all the company’s core information. The new system we’ve started to roll out will do just that. It will allow Markel to respond more quickly, and with more confidence, to internal and external stakeholders as well as the market place,” Graham concludes.
Markel's new system will go live in early 2012.
About Markel International
Markel International Limited is a specialist insurer. With offices in the UK, mainland Europe and Asia Pacific, it comprises the international operations of Markel Corporation and wrote gross premiums of $641 million in 2009. It has seven operating divisions writing business either through Markel Syndicate 3000 or through Markel International Insurance Company Limited. Markel Corporation is a US-listed business, capitalised at around $3.5 billion, which wrote gross premiums of $1.9 billion in 2009.
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; Dashwood Brewer & Phipps 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; 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.