UK-listed software supplier Sherwood International has completed separate five-year licensing agreements for its Senator reinsurance product with Overseas Partners Re Bermuda (OPRe) and Overseas Partners US Reinsurance Company (OPUSRe).

It will be introducing Senator at both companies within the next six months. It said Senator was the latest generation of its underwriting management systems for the reinsurance marketplace and provided an infrastructure for business solutions and for protecting investment in IT.