Data Sheet - European IT Excellence Award

19 May 2008

Ark Syndicate Management Credits Northdoor for Financial Sector Technology Award Nomination    

-        Ark Syndicate Management Limited shortlisted in the 2008 Financial Sector Technology (FST) Awards – for its rapid start-up using Northdoor N-DEX Suite

London UK –   2nd April 2008: Northdoor, an independent IT consultancy and provider of full lifecycle solutions primarily to the financial services industry, has announced that its customer Ark Syndicate Management Limited was shortlisted in the 2008 Financial Sector Technology Awards, in the “Best use of IT in Insurance” category. The ceremony was held in London on 27th March.

Ark Syndicate Management Limited is a Lloyd’s of London insurance agency. In early 2007, it selected Northdoor’s N-DEX Suite; a specialised underwriting application for claims messaging and signing.

According to Neil Ainger, editor of Financial Sector Technology magazine and chair of the judging panel, Ark Syndicate Management was shortlisted for the FST Awards 2008 because its N-Dex Suite underwriting software from Northdoor gave it a Lloyd’s and FSA-compliant package that provided swift implementation, functional flexibility and long-term scalability, enabling the firm to be launched in just a few months.

“Following capitalisation, we were under a great deal of pressure to be Lloyd’s and FSA compliant and ready for business,” said Nick Bonnar, director of underwriting for Ark Syndicate Management Limited. “Northdoor had us up in running with its N-DEX suite in just 11 weeks – which they hosted, managed and supported for us. We have been very impressed by the service and the insurance knowledge of Northdoor’s consultants.”

“We are delighted that Ark Syndicate Management Limited has been recognised by the FST Awards,” said David Ballard, consultancy director at Northdoor. “Timescales on this project were short and I am proud of the Northdoor team for once again demonstrating their expertise and commitment to ensure customer success.”

The FST Awards aim to recognise excellence and innovation in the field of information technology within the UK and European financial sector. These prestigious awards are designed to emphasise the importance of IT as a key driver in business and to acknowledge and reward IT specialists working within the sector. The primary criteria for judging is the delivery of definable and significant business benefits, innovation and originality of application.

Over its 19 year history, Northdoor has assisted many insurance organisations in IT challenges ranging from enterprise strategy and planning to specific initiatives such as around large systems and applications developments, migrations, data warehousing and business intelligence. Northdoor plays a major role in assisting organisations to keep their systems up to date, compliant and in line with market initiatives.

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About Northdoor

Since Northdoor was founded in the City of London in 1989, the organisation has grown successfully through its commitment to quality, cost effectiveness and client service. Northdoor is an IT consultancy with a wide range of skills in infrastructure, applications and services, ensuring its ability to deliver sustainable solutions for clients throughout the IT lifecycle.  The company enjoys a reputation for delivering on time and to budget and has considerable expertise with implementing and designing strategic solutions.

For more information, please see www.northdoor.ie or call us on +353 1 799 4560