Transactor London Market (TLM) announces it will move into the London Underwriting Centre (LUC), at 3 Minster Court, London, on February 1st 2013. This follows significant growth in its first full year of trading including major orders from Barbican, Walsingham Underwriting, and the Bollington Group.
TLM, the specialist London Market subsidiary of Transactor Global Solutions Ltd (TGSL), provides highly configurable, flexible, functional and cost effective technology solutions to the London Market via a dedicated London presence in the square mile with access to cost effective resources in the UK and Europe. Established in 2011, TLM focuses on Cover holders and MGA operations writing speciality lines on binding authorities for Lloyd’s and London Market capacity providers.
Chris Newman, TLM’s Chief Executive Officer, said, “Our primary aim is to provide existing and ‘new entrant’ MGAs with a complete turnkey solution using a version of the class leading Transactor insurance enterprise which covers the full range of insurance processes. TGSL already had a significant presence amongst the insurance broking community with its leading product set Transactor, but the formation of a specialist London Market company last year allowed us a greater focus on this target community.”
Ray Vincent, Chairman of TLM and Chief Executive of parent company, Transactor Global Solutions, said “The board of TGSL is committed to providing the insurance industry globally with a total supply chain solution. TLM has had a fantastic first year, and together with the Enterprise Division of TGSL, we will now dedicate this part of our business to providing mould breaking technology for capacity deployment operations, with all the routes to market open for both direct and B2B channels.”
