IT products and services provider TriSystems has acquired the sales, marketing and support rights to the Slip underwriting product.
TriSystems said the system, which was originally created as a run-off system, now provides administration support to underwriters, with strong popularity amongst smaller companies because of it scalability.
The company said it has plans to develop the product further, and has already had strong interest from potential customers.
TriSystems director Malcolm Alexander said: "Slip is a very well established, well tested product, and we believe our market knowledge and renowned support capability will enable it to achieve its full potential."