Sectornet Ian Gibbard

Since the acquisition of Sectornet in December 2005, Software Solutions Partners has been working to set a consistent approach to imarket integration strategy across the business for all customers and all applications.A stand-alone component is currently being developed that will integrate seamlessly with SSP's product range and could also be integrated with any broking application, not just SSP systems.This new approach will deliver real benefits to all parties of the imarket initiative.

Laurence Walker, SSP Managing Director said of the approach, "Following the acquisition of Sectornet in December, we have reviewed our imarket strategy and will shortly complete the development of our component, which will not only integrate all our existing solutions with imarket, but will at the same time provide our users with access to non-imarket insurers.
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Following its recent acquisition of Sectornet and half-year results showing 32% growth, Software Solutions Partners (SSP) Holdings has just announced major changes to the structure of its Board of Directors, which become from 1st January 2006....more«TOP»

SSP ACQUIRES SECTORNET ACQUISITION OF SECTORNET MAKES SOFTWARE SOLUTIONS PARTNERS NUMBER ONE IN ALL ITS MARKETS

Software Solutions Partners has announced that it has acquired Sectornet, one of the UK's leading providers of commercial insurance broking systems, for an undisclosed sum.

Already firmly established as the leading provider to the UK personal lines intermediary market, earlier this year SSP also became the leading provider of packaged insurance company solutions, with the acquisition of the Insure+ Solutions [formerly I90 / I+] customer base from CSC.The acquisition of Sectornet, when combined with SSP's existing electRa and INSIGHT commercial lines customer bases, now makes SSP number one in the commercial broking system market as well.
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With its high quality products, high quality customer base and experienced staff, Sectornet will help us to expand more quickly in the commercial broking solutions market where we see a great deal of future opportunity."

The deal involves SSP taking over all the personnel and resources of Sectornet which will continue to trade from its head office in Marlow as a separate business unit within SSP's corporate broker division.The deal will allow further investment in the existing Sectornet product range, as well as making SSP's other services and products available to the existing customer base.

Bernie Conlon, Sectornet's Chairman commented "The continued consolidation within the insurance industry has meant that it is increasingly important for solutions providers to have the resources, both in terms of capital and technical skills, to be able to develop existing and new software.
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At the start of 2005, SSP announced plans to grow annual turnover to £40 million over the next three years, the acquisition of Sectornet will take run-rate annual turnover to approximately £36 million and double turnover in the Corporate division.
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HSBCIB worked with Sectornet on designing and implementing ETP, and migrating data from two previous insurer systems onto HSBCIB's Sector system, a complex and technically challenging exercise achieved under severe time pressures following the sale of original insurer Avon to NIG and subsequently NIG to RBS, a direct competitor of HSBC.
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Proof that efficient IT solutions aids corporate growth and profitability is evidenced by the fact that 6 of the Top 10 UK brokers use Sector from Sectornet.Indeed, of the Top 50 UK Brokers no less than 16 are Sectornet customers.

Sectornet would like to congratulate all brokers who appear in the Insurance Times Top 50 and suggest that any broker aspiring to be listed should talk to us about their IT system.

n.b. The 16 brokers referred to above account for £1.94bn in fees and commission income (2004) between them (source: Insurance Times)«TOP»

Sectornet appoints new Account Development Manager Sectornet has appointed Paul Buckle as senior manager for account development with responsibility for all Sector customers.
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Buckle first joined Sectornet in 2002, most recently having overall responsibility for the strategic accounts team.
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Marlow, Bucks - June 2005 - insurance broking systems provider Sectornet has promoted Steve Tillyer from Account Manager to the company-wide role of Core Account Group Manager.
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Tillyer joined Sectornet in 1988 as a trainee installation engineer and has since worked in field service, technical support, installations and technical pre-sales, before focusing in recent years on consultative sales and customer service.
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I have the greatest confidence in his abilities and will be giving him my full support in his new role as he ensures our core account customers consistently receive the high standards of service they would expect from a company with Sectornet's experience and track record."

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New Business Development Manager for Sectornet New Business Development Manager for Sectornet

Marlow, Bucks - July 2005 - insurance broking systems provider Sectornet has promoted Ian Gibbard to the role of Business Development Manager.
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Prior to joining Sectornet Ian Gibbard worked with banking solutions provider Temenos developing solutions for the insurance market, and before that he spent over a decade with insurance software provider Intech in a variety of account management, marketing and pre-sales roles.
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Sectornet to upgrade BACS payment service to brokers INSURANCE broking systems provider Sectornet has signed a deal with a banks automated clearing system payment and collections supplier to ensure clients are prepared for the 31 December 2005 BACS migration deadline.Sectornet is offering Bottomline Technologies BACSTEL-IP payment and collection services to UK brokers on a subscription basis.
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We look forward to working closely with Sectornet to deliver streamlined payment and collection services to insurance brokers across the UK

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Sectornet registers with I-market INSURANCE broking systems provider Sectornet has completed initial registration testing with commercial insurance trading platform I-market.Sectornet's core product, Sector, has now been authenticated with I-market.The supplier is working towards full I-market software house integration and has now established electronic dialogue to I-market for both end-point registration and application-use registration.Paul Methven, Sectornet's product development director, said: "We are an enthusiastic supporter of the I-market platform.
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The company's relationship with broker systems provider Sectornet (formerly MCS) goes back to 1987.
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What convinced us to work with Sectornet in the first place was their people and their approach.Over time that judgement has been largely borne out and we have since built a very productive working partnership.

"There was a time when the software houses effectively said ‘here's our system; this is what it does; take it or leave it'.As a user you really didn't have much access to the programmers or analysts.They would develop things based on how they thought they ought to be, and it was only afterwards we got the chance to have our say.Sectornet's development attitude has changed considerably over the last decade.
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One important development that predated level 7 was the first incarnation of Sectornet's schemes processor.
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We have always been early adopters, and we have always pushed and challenged Sectornet.
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As anticipated - since company has not actively promoted itself through the media in recent years - Sectornet scored poorly in terms of pure awareness levels relative to other providers.

Among companies who were aware of Sectornet, however, the proportion of positive to neutral or negative comments was exceptionally high.Of comments relating to Sectornet 66 per cent were positive, compared with SSP (42 per cent positive), Sirius (40 per cent positive), Misys (25 per cent positive), and Acturis (21 per cent positive).

Sectornet product development director Paul Methven comments: ‘These survey results confirm what we had already suspected: in terms of name awareness, Sectornet is paying the price for its low marketing profile in recent years.
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Churchill Selects Sectornet Growing Hendon-based broking firm Churchill Insurance Consultants has appointed technology solutions provider Sectornet Ltd to strengthen its commercial processing facilities.

Churchill's decision to move to Sectornet's Sector® IT solution followed a thorough evaluation of other technology providers serving the insurance broking market, including Churchill's incumbent supplier Misys, to identify the best solution to support the company's future needs.

Churchill director Jim Wright comments: "As a serious player in the commercial broking market we knew we needed a system with greater depth and breadth than what we have been using to date.I