One of the newest businesses backed by capacity from Lloyd’s has gone live with a software system aimed at facilitating its growth; James Brewer reports:
Specialty excess of loss reinsurance operator Tamesis Dual, launched in late November 2011, focuses on classes including marine, offshore energy. onshore energy and property, aerospace, terrorism, war and political risks. Led as managing director by market veteran Tony Lovett, the managing general agent was created by Dual Corporate Risks, part of Hyperion Insurance Group, and chose the Eclipse brand of software from Sequel Business Solutions. The 19-day implementation programme has been hailed as a success.
With capacity of around £30m, Tamesis Dual will access clients globally on the basis of 100% non-proportional excess of loss. Tamesis Dual will run all its underwriting, premiums, claims, workflow, audit and management information systems on Eclipse. Mr Lovett said that Sequel’s software “has the power and flexibility to support us as we develop and grow. [Sequel has] delivered what they promised ahead of time.”
Michael Graham, sales and marketing director at Sequel, added: “Tamesis Dual now have the right systems in place to help them deal with an increasingly competitive market place. Having a managed service means they don’t have to worry about having to develop, install and run systems or support them – it allows them to concentrate on building their business. They are the sixth managing general agent to choose Sequel in the last 12 months.” Sequel has worked with more than two dozen of the leading underwriting and broking groups in London.
Eclipse is a suite of business applications built with 100% Microsoft technology. The products have been designed with open architecture to enable easy access to information and simple connectivity with other systems.