Insurance software house Transactor Global Solutions (TGSL) is to strengthen its Board with the appointment of a Chief Operating Officer (COO). This will be a new role for the company and follows sustained growth across its range of operations, the acceleration of new business acquisition and the appointment of Mark Ryder as Finance Director from 1 January 2013.
Ray Vincent, Chief Executive Officer, TGSL, said, ‘We are at the beginning of a fresh chapter in the Transactor story, where the market has recognised the importance of new technology and modern architecture. When this is coupled to strong functionality and configurability, the result for the customer is self-empowerment and agility, which all leads to lower operating costs and faster response to change. This is driving call-centre, scheme broker, MGA, and provider businesses into system change at an accelerated rate.
“Transactor is now seen as the software leader across a range of market sectors. Whilst the COO position is new to Transactor and vital to our business objectives, we need to keep the can-do chemistry of the current Board and business working, so we are looking for a very capable individual with the appropriate experience in our sector.
“They have to be up to speed with regard to the insurance market and the forces that are driving change. They also need to have experience in the rollout and support of new solutions in volume and the delivery of high quality services across the whole spectrum of software house operations. We are looking particularly at supporting increased capacity, flexibility and efficiency, by ensuring quality planning and control systems continue to be effective, so that we can carry on delivering on time and to cost.”
