Beazley is one of the most successful of the Lloyds syndicates and has expanded rapidly in recent years. Xayce has been working with Beazley to improve its Back Office Operations in a variety of ways since 2002.

Beazley are an innovative insurer that were listed on the London Stock Exchange in 2002 and have been growing rapidly and profitably ever since. With gross premium income of over £700m for the 2004 year of account, Beazley are one of the largest insurers within Lloyd's. In order to cope with this growth Beazley sought to review their outwards reinsurance processes and identify opportunities to re-engineer them.

The scope of the work included detailed process mapping of all outwards reinsurance processes throughout the reinsurance cycle. This ranged from the front office function of reinsurance purchasing, through to the back office activities of recovery generation and credit control. In addition it involved production of requirements specifications and assistance with testing and training relating to the new processes and systems.

Dominic Shine, Beazley's IT Director, commented that "This has been a complex project in many respects. It's functionally complex and has involved a wide range of people and suppliers in changing the way we administer our reinsurance business. Xayce have brought industry, business analysis and project management skills to the project, and have played an important role in helping us to secure some valuable benefits. "

Contact Philip Geiger