London, 31 July 2012: Xchanging (XCH:LSE), the business process and technology services provider and integrator has been awarded a contract to provide additional infrastructure services to Tokio Millennium Re (UK) Ltd (TMRUK), a leading provider of reinsurance solutions globally.
The three year contract is to upgrade the existing production and disaster recovery infrastructure that supports the core re-insurance software, IRIS. Xchanging will design, implement, host and manage the infrastructure as well as provide annual disaster recovery testing. The replacement hardware is hosted at Xchanging's UK data centres.
The system refresh provides the capacity, reliability and resilience to support the underwriting software. IRIS, a highly configurable, leading software product for Lloyd's, London and international insurance and reinsurance underwriters, is developed and supported by Xchanging.
TMRUK has been a customer of Xchanging since 2004. Additional services include Policy Administration, Claims and Payroll.
For further information, please contact:
Xchanging Technology Services
Sarah Richardson Tel: +44 (0) 20 7780 5509
What we are
Xchanging provides business processing, technology and procurement services internationally for customers across multiple industries.
What we do
Xchanging brings innovation, thought leadership and passion to its customers' businesses so as to enhance performance and value. Our values are embedded into everything we do.
What we want to be
Xchanging wants to be regarded as the best provider in its chosen markets by delivering services that are recognised for outstanding quality, reliability and innovation.
Tokio Millennium Re (UK) Ltd.
Based in London, Tokio Millennium Re (UK) Ltd. (TMRUK) offers short and long tail reinsurance solutions to clients in the UK, Republic of Ireland, Africa, Middle East, and Latin America as well as specialty treaty reinsurance to clients around the world. The company shares a common product and underwriting philosophy with the other Tokio Millennium Re offices with a local focus which ensures that we are better positioned than ever to offer the brokers and clients easy access to a full range of reinsurance products.
TMRUK's entire capital has been provided by its parent company Tokio Marine & Nichido Fire Insurance Co., Ltd. The company benefit from the same Standard & Poor's rated security (AA-) and a full parental guarantee.