Independent specialist broker, BMS has selected Sequel to run its insurance and reinsurance broking systems in the London market, the US and Bermuda.
According to the brokerage firm, BMS will change all its legacy systems with just one running on Sequel’s Eclipse Broking software, which will be supported by Sequel’s business and technical consultants.
Expressing his view on the upgrade of trading platform, BMS Group chief information officer Phil Hill said the company has chosen Sequel solution as it is able to run its USA, Bermuda and London market operations without any maintenance on its side.
The uninterrupted operation will leverage the broker to take current and likely future regulatory demands in its stride, while increasing its business offering.
"Most important to the success of the implementation is the approach to change management, to ensure that all changes are sustainable before moving on to the next stage," Hill added.
Sequel sales and marketing director Michael Graham said, "This news is of particular importance to the market; this is one of the first – if not the first – London market/Bermuda/US broking implementations planned on such a scale."