Move occurs as parent’s merger with Alterra moves closer to completion
London-based insurer Markel International has consolidated its many lines, including eight core policy administration systems, onto Sequel’s Eclipse Underwriting business platform.
As part of the process, more than two million policies and legacy data accumulated over 40 years were consolidated.
Markel International is a division of US-based insurance group Markel Corporation, which is close to completing a merger with Bermudian (re)insurer Alterra.
Markel International president and chief operating officer William Stovin (pictured) said: “This was a major insurance and technology implementation – now we’re running all Markel’s business on just one platform.
“Eclipse will help us grow our business, strengthen our distribution channels and optimise our business processes.
Sequel sales and marketing director Michael Graham said: “Markel’s new system brings it solid commercial advantages and an even stronger operational base. This gives the insurer the edge in an increasingly competitive and regulated market.”