Starr Underwriting Agents, which has a key role in the London and international marine market, has embarked on a technology modernisation programme, preparing a new system to go live in autumn 2012.
The system, which will replace what is described as an outsourced heritage platform, will go live in the autumn of 2012 and will handle all Lloyd’s, companies and non-bureau London business for the agency.
Starr has signed a deal with software specialist Sequel Business Solutions for its Eclipse Underwriting software and supporting consultancy.
Starr Underwriting Agents underwrites business on behalf of Lloyd’s syndicates CVS 1919, TOR 2243 and BRM 1861 through Starr Managing Agents, which was established in 2008. It is part of Starr Companies, which underwrites a wide variety of property, casualty and specialty lines and provides services including claims handling and settlement, reinsurance, risk assessment, loss control and travel assistance.
David Stewart, chief executive of Starr Underwriting Agents, said: “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 is just what we’re getting.”
Michael Graham of Sequel said: “We are noticing a trend where underwriters with outsourced systems, running on outdated platforms, are actively looking to move on to fully supported modern systems so they can take advantage of the great benefits such a move brings.”