Media
Heath Lambert Group Saves Millions with Xchanging
12 Sep 2006
LONDON, 12 September 2006 – Xchanging, the business processing services company, has announced the completion of its four-year partnership project to safeguard and re-engineer the data processing systems of the Heath Lambert Group, the UK’s leading independent insurance and reinsurance broker. The project forms part of a wider and comprehensive operational review by Heath Lambert to create maximum efficiencies and cost-savings in its critical business processes.
Inaugurated in 2003, the project has now reached a successful conclusion and has been delivered on time and within budget. Its objective has been to replace Heath Lambert’s bespoke mainframe system with Xchanging’s Brokasure Enterprise package, the London Market’s premier application for international wholesale broking organisations. Heath Lambert’s deployment of Brokasure incorporates long-term service and support arrangements which are delivered from Xchanging’s data centre in Basildon.
Heath Lambert has been able to reduce significantly both its transaction processing costs and its future investment in software and infrastructure by adopting the Brokasure solution.
Mike Bruce, Group Managing Director, Heath Lambert Group, commenting on the partnership with Xchanging, said, “It was essential that we partnered with a company that could help us re-engineer our critical business systems, significantly reduce costs and risks, safeguard our data and create better value for our customers – all without compromising our daily operations. Xchanging has proven to be the perfect partner in this venture and we look forward to continuing business with them for many years to come.”
Jim Lorimer, Chief Information Officer, Heath Lambert Group, added, “The seamless implementation of Brokasure Enterprise has been a resounding success. It has enabled a significant reduction in our costs while providing a platform for us to achieve further efficiencies in our business processing through Xchanging’s proven technology. In addition, we're able to share development strategy with other Brokasure clients, especially in terms of e-processing, helping us to reduce development and operational costs in areas such as Accounting and Settlement and Electronic Claims File and market connectivity. Our complex business and compliance requirements have been met and we are truly delighted with the entire project to date.”
David Andrews, Chief Executive Officer at Xchanging, said, “Heath Lambert is our longest-established customer in the insurance sector and we are all immensely proud of the tremendous success of this project. It provides dramatic evidence of the overwhelming benefits that our customers gain when partnering with Xchanging and deploying our global insurance solutions.”
Notes to Editors
Media Contact
Robert White
Corporate Communications Manager
13 Hanover Square
London W1S 1HN
Direct Line: +44 (0)20 7780 6973
Mobile: +44 (0)778 992 3770
Email: robert.white@xchanging.com
About Heath Lambert Group
Heath Lambert Group is a leading independent insurance broker and benefits consultant. Focusing primarily on UK retail business, the Group also maintains international wholesale and reinsurance specialisms. It holds market leading positions in a number of industry sectors, including construction, natural resources, utilities, private equity, fine art, real estate, transportation, sports and steel.