Media
Xchanging Ins-sure Services Awarded Texel Finance Ltd Back-Office Contract
01 May 2002
London, UK - May 2002 - Xchanging Ins-sure Services, has won the contract to set up and run the London Market back-office of London-based Texel Finance Ltd.
Texel Finance, recently approved as a Lloyd's Broker, specialises in Trade and Political Risks, with particular expertise in emerging market risks. Texel brings new business into the market on behalf of UK and International Insurance Brokers, Commodity Traders and Banks.
"Our choice of Xchanging Ins-sure Services to provide our back-office functions enables us to concentrate on placing business for our Insurance Broking and Corporate clients. It means that we can respond quickly and efficiently in the delivery of both policies and importantly claims," says Andy Lennard, managing director of Texel.
John Benjamin, managing director of Xchanging Ins-sure Services says: "We are beginning to see signs of a shift in the approach to managing back-office operations in the London Market. Momentum is gathering as increasing numbers of companies are recognising the value to be gained from freeing themselves from back-office administration. We are on the cusp of witnessing one of the most significant changes to London Market operations for a number of years."