Insurer software giant Sherwood has posted an 11% jump in pre-tax profits in spite of the widespread slump in sales caused by fears of the millennium bug.
Director Barney Quinn said much of the rise in profits was due to a 50% increase in revenues on Amarta, the firm's life insurance product.
Quinn said: “Market conditions have been pretty difficult. There have been problems with Y2K, but these are pretty good results.”
Sherwood plans to invest £4m in two years to develop Senator B2B, an updated version of its reinsurance system. It is ecommerce-driven and will be based on Sherwood's much-vaunted Aeos technology that allows websites to withstand large numbers of simultaneous internet ‘hits' without crashing.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
