Editorial & Advertiser Disclosure Global Banking And Finance Review is an independent publisher which offers News, information, Analysis, Opinion, Press Releases, Reviews, Research reports covering various economies, industries, products, services and companies. The content available on globalbankingandfinance.com is sourced by a mixture of different methods which is not limited to content produced and supplied by various staff writers, journalists, freelancers, individuals, organizations, companies, PR agencies Sponsored Posts etc. The information available on this website is purely for educational and informational purposes only. We cannot guarantee the accuracy or applicability of any of the information provided at globalbankingandfinance.com with respect to your individual or personal circumstances. Please seek professional advice from a qualified professional before making any financial decisions. Globalbankingandfinance.com also links to various third party websites and we cannot guarantee the accuracy or applicability of the information provided by third party websites. Links from various articles on our site to third party websites are a mixture of non-sponsored links and sponsored links. Only a very small fraction of the links which point to external websites are affiliate links. Some of the links which you may click on our website may link to various products and services from our partners who may compensate us if you buy a service or product or fill a form or install an app. This will not incur additional cost to you. A very few articles on our website are sponsored posts or paid advertorials. These are marked as sponsored posts at the bottom of each post. For avoidance of any doubts and to make it easier for you to differentiate sponsored or non-sponsored articles or links, you may consider all articles on our site or all links to external websites as sponsored . Please note that some of the services or products which we talk about carry a high level of risk and may not be suitable for everyone. These may be complex services or products and we request the readers to consider this purely from an educational standpoint. The information provided on this website is general in nature. Global Banking & Finance Review expressly disclaims any liability without any limitation which may arise directly or indirectly from the use of such information.

NORTHDOOR AWARDED CONTRACT TO PROVIDE NDEXINSURE TO DALE UNDERWRITING PARTNERS

Northdoor, the IT solutions provider specialising in the insurance industry, announced that following a competitive bid, it has been awarded the contract to provide its award-winning NdexInsure underwriting system to Dale Underwriting Partners, the proposed new Lloyd’s Syndicate 1729 led by Duncan Dale. Under the terms of the agreement Dale Underwriting Partners will be using the modern and flexible NdexInsure suite and will benefit from an open modular system which can be integrated into existing systems and technology provided by Asta Managing Agency. Key modules selected for the initial roll-out include policy administration, data warehouse, sanctions checker as well as the enhanced outward reinsurance and binder functionality.

NORTHDOOR AWARDED CONTRACT TO PROVIDE NDEXINSURE TO DALE UNDERWRITING PARTNERS
NORTHDOOR AWARDED CONTRACT TO PROVIDE NDEXINSURE TO DALE UNDERWRITING PARTNERS

Dale Underwriting Partners will be managed on a turnkey basis by managing agency, Asta, and will target a range of property, casualty insurance and reinsurance lines. The proposed Syndicate is scheduled to begin underwriting on 1st January 2014.

Northdoor has a strong track record working with Lloyd’s start-ups and has delivered similar projects with companies such as WR Berkley, Ark Syndicate and Managing Agency Partners.  Northdoor’s NdexInsure solution has repeatedly satisfied Lloyd’s as an effective solution for start-ups and existing Syndicate businesses.

A key advantage of Northdoor’s solution is its shared IP model, which will give the new start-up all the scalability and functionality it needs as the proposed Syndicate grows.  Working in partnership with Asta Managing Agency and Dale Underwriting Partners, Northdoor will ensure that the NdexInsure roadmap matches Syndicate 1729’s evolving business needs.

Duncan Dale, Active Underwriter at proposed Syndicate 1729 said, “During our selection process, Northdoor’s technical and industry knowledge shone through as well as its excellent reputation for delivery within the London Market. We needed an underwriting system that is flexible enough to cater for our needs now, but also has the capacity to grow with us as the Syndicate’s needs evolve.  With its shared IP and modular approach, NdexInsure perfectly meets our business requirements.”

Stephen Pennington, Chief Information Officer at Asta Managing Agency said, “Following a strong and highly competitive RFP process, we’re pleased to be working with Northdoor for one of our start-up Managed Syndicates. Asta is confident the partnership will help us leverage the latest market innovations and drive Syndicate operations forward. We were looking for an agile vendor, with a strong track record and flexible outlook. Northdoor fulfilled this criteria.”