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Hide details for Microsoft Launches London Market NetworkMicrosoft Launches London Market Network

Sequel Business Solutions, Moore Stephens, CIBER, Finsbury Solutions, K2, Autonomy Meridio, and Microsoft join forces to meet the business and technology requirements of the London Market

28 February 2008: Microsoft today announced that it, along with six highly specialised technology
partners, is launching the London Market Network, a group of companies formed to combine their
expertise to offer the London Insurance Market a ‘one-stop-shop’ designed to meet their technology
requirements.
In the UK, this is the first time a group of technology providers in the insurance space have joined
forces with the specific intention of meeting the business and technology needs of the London
Market. Microsoft formed the group in recognition of the fact that companies within the London
Market are often solving the same problems with similar approaches and using very similar
technology toolsets. The London Market Network aims to provide companies with market leading
solutions, pre-integrated which will help reduce the development cost, risk and time of
implementation.

The specialist partners within the London Market Network are:

  • Sequel Business Solutions (Broking, Underwriting and Annual Accounting Solutions)
  • Moore Stephens (Business Performance Management)
  • CIBER (MS-CRM, SharePoint and K2 workflow deployment)
  • Finsbury Solutions (Spreadsheet Management)
  • K2 (Workflow and Business Process Solutions)
  • Autonomy Meridio (Records Management)
  • Microsoft (Windows Server 2003, SQL Server 2005, SharePoint Server 2007)

    When a company is looking to renew a certain element of its IT infrastructure, the London Market
    Network offers companies the best and pre-integrated solutions available. For example, a project
    might require a new underwriting solution with collaboration and workflow infrastructure in which
    case Sequel Business Solutions would deploy its Eclipse underwriting solution in conjunction with
    CIBER who would integrate Microsoft SharePoint and K2 to Eclipse.

    Once the SharePoint and workflow (K2) infrastructure is in place then it becomes easier to integrate
    business intelligence (Moore Stephens), records management (Autonomy Meridio) or spreadsheet
    management and compliance (Finsbury) solutions, however this is not a prerequisite.
    The uniting factor for all the companies in the London Market Network is their compatibility with
    Microsoft’s products. All the solutions are built on the Microsoft stack: (.NET, Windows Server 2003,
    SQL Server 2005) and integrate to or are built on SharePoint Server 2007.
    Bruce McKee, Insurance Business Development Manager, Microsoft UK said: "All the partners in the
    group have been selected because of their ability to solve a business issue or problem that exists in
    the London Market, they have solved this problem before and have customers that can endorse this,
    they have a solid reputation and as business partners that they have the right cultural fit."
    Mike Thomas, Head of Strategic Change at Brit Insurance said: "One of the biggest challenges we
    faced was integrating a set of disparate IT solutions into a seamless experience for the users. Using
    some of the solutions offered by the London Market Network, we can now collaborate more
    effectively internally and with our business partners, and better manage our information flows and
    controls. The partners involved have worked together effectively to develop a suite of solutions that
    will be flexible in supporting the future needs of our business."

    Notes to Editors

    About Microsoft
    Founded in 1975, Microsoft (Nasdaq "MSFT") is the worldwide leader in software, services and solutions that
    help people and businesses realize their full potential.

    About Sequel Business Solutions
    Formed in 1993, Sequel (www.sequel.com) originally delivered consultancy, development and support services to
    London Market insurance and reinsurance organisations that required either bespoke software developments or
    had decided to take development and support of purchased, package software in-house.
    During 2001, we revised this model to undertake the development of Eclipse, a strategic suite of business
    applications built with 100% Microsoft technology that share a common business and technical architecture.
    Sequel has developed three software solutions - Broking, Underwriting and Annual Accounting - designed to
    enable easy access to information and simple application integration. We have continued the development of
    these applications, so that our customers are able to leverage significant benefits from the changes taking place
    within our market.
    Press Release
    Sequel’s Business:
  • Sequel is a specialist supplier of software and services to the insurance and reinsurance industry
  • Our target market has traditionally been the Lloyd’s and London insurance and reinsurance sector
  • Our products and solutions have been positioned to operate in other markets and geographies that share attributes and have similar requirements to London.

    For more information visit: www.sequel.com

    About Finsbury Solutions
    Spreadsheet Workbench from Finsbury Solutions is a leading spreadsheet management and compliance solution.
    It helps financial organisations address the issues of risk, audit, version control and compliance that are inherent
    with the use of business critical spreadsheet applications. Formed in 2005 Finsbury Solutions is based in London
    and New York.
    For more information contact: www.finsburysolutions.com

    About K2
    K2 provides the platform for a new generation of users to collaboratively assemble dynamic business applications
    from reusable items. K2-based solutions are deployed by a growing number of the global Fortune 100, and since
    the release of its first software in 2000, K2 has helped clients in more than 40 countries increase profitability and
    productivity.
    K2 is a business unit of SourceCode Technology Holdings, Inc., based in Redmond, Washington, and has offices in
    Australia, Canada, China, France, Germany, Singapore, South Africa, the United Kingdom and the United States.
    SourceCode and K2 are registered trademarks or trademarks of SourceCode Technology Holdings, Inc., in the
    United States and/or other countries.
    For more information visit www.k2.com

    About Meridio

    About Autonomy Meridio
    Meridio, an Autonomy company (LSE: AU. or AU.L), is a leading provider of complete lifecycle information
    management solutions, from creation and retention to disposition. Meridio enables organizations to achieve
    global compliance by creating and applying flexible master policies to their electronic records in accordance with
    international and local statutes and regulations. Meridio's solutions are certified on major global regulatory
    standards, including US DoD 5015.2 Ch 2 (including joint certification with MOSS2007) and Ch 4 - Management of
    Classified Records, Australian VERS standard and UK TNA 2002. Meridio is compliant with ISO 15489 and the
    European MoReq standard. Customers include BioPAD, ConocoPhillips, CDW, Hipoteku Banka, NZ Ministry of
    Fisheries, Pacific Life, StatoilHydro, Scottish and Southern Energy, the UK Ministry of Defence and the US Air
    Force.
    For more information visit: www.meridio.coms Release
    =
    About Moore Stephens Consulting
    Moore Stephens Consulting brings together significant business acumen, extensive insurance experience and
    world class technology skills to deliver best - in - class Business Performance Management (BPM) solutions
    tailored to the insurance industry. Real time business benefit is provided to organisations through appropriate
    and effective use of industry standard technology platforms.
    Our bIntelligent for insurance solution suite enables clients to; monitor corporate goals through dashboards and
    scorecards, mitigate business risk through KRI/KPI alerts and make decisions faster through predictive analytics
    and real time reporting. In addition we provide; Strategic/ financial planning and forecasting, Risk modelling /
    assessment and compliance analysis, key data capture systems & data warehouse analysis, bespoke .Net
    systems, workflow, and portal delivery solutions. As a result decision makers can better manage, plan,
    understand and leverage business performance to improve operational effectiveness.
    Our track record speaks for itself, we have consistently delivered world - class solutions for all areas of the
    insurance industry including brokers, global general insurers, Lloyd's syndicates, and re-insurers.
    Moore Stephens Consulting is a wholly owned subsidiary of Moore Stephens LLP, which in turn is a member of
    Moore Stephens International, one of the world’s leading accounting and consulting networks. Founded in 1907,
    Moore Stephens has over 15,000 partners, principals and staff, located in 539 offices in 93 countries, with annual
    revenue income in excess of $1.35b.
    For more information visit www.bintelligent.co.uk

    About CIBER
    CIBER UK is part of an international IT solution provider with over 8000 personnel implementing and supporting
    customer solutions across the globe from 90 offices in 18 countries.
    Committed to the UK Insurance market, CIBER is working closely with Microsoft to develop and deliver IT
    solutions to help companies operating in both the London and the General Insurance Markets.
    CIBER is Microsoft’s preferred partner for the Insurance Sector for Dynamics CRM, Office SharePoint Server and
    BizTalk Server.
    It focuses upon using these key Microsoft technologies to provide customer, broker and partner management,
    collaboration and content management and system integration solutions that help insurance businesses enhance
    customer service, improve efficiency, and achieve compliance.
    CIBER works in partnership with its major customers in the market including Brit Insurance, Hiscox and Endsleigh
    Insurance and, as a founder member of the Microsoft London Market Network, is working closely with Microsoft
    and its other partners to improve the understanding of how technology can benefit the sector.
    For more information visit: www.ciber.com

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