Verisk-owned Sequel has acquired Manchester-based broking software specialist Ignite Systems. Ignite licences an integrated software as a service platform which includes policy administration, rating engine and digital engagement for brokers and MGAs with a specific focus on motor, property, and pet insurance. The platform will form part of Sequel’s digital ecosystem going forward.

Toby MacLachlan, managing director of Ignite, said: “Joining Sequel is a fantastic leap forward for Ignite, our clients and our team. Whilst our technology has always been at the forefront of our market, as a company we look forward to strengthening our pipeline and increasing the opportunities that can be gained from being part of a leading-edge technology group.”

Ian Summers (pictured), CEO of Sequel, said: “Ignite has a strong management team and offers excellent business and technical capabilities to its client base of specialist brokers, MGAs, and insurers.

“The acquisition will enable us to accelerate the development of their digital platform and add a modular API driven SaaS platform to Sequel’s portfolio. The combination of Ignite with Sequel’s pricing, distribution and claims applications extends our unique and powerful capabilities for the insurance market.”

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