6 September 2016 Insurance

RFIB appoints IT Lab as technology outsourcing partner

IT Lab, an IT technology provider, has been appointed by reinsurance broker RFIB Group as its technology outsourcing and services partner.

The companies hope that the collaboration will see IT Lab provide an end-to-end technology service, transitioning and transforming RFIB’s core technology platform and delivering key services to support RFIB’s growth plans.

Backed by US-based private equity firm, Calera Capital, RFIB operates globally from London, Dubai, Riyadh and Bermuda.

The outsourcing deal is the culmination of several months of planning by RFIB, working with Xceed Group and Aecus, to develop a technology operating model and outsourcing approach that will support RFIB's growth strategy, the company said.

"We are delighted to be working with RFIB. We work hard to truly understand the strategic objectives and operational needs of our clients, working in partnership to define the technology services and solutions which will enable those outcomes. We look forward to providing an end-to-end technology service,” said Peter Sweetbaum, chief executive officer of IT Lab.

Paul Smith, chief information officer of RFIB, added: “With IT Lab we are able to migrate to a secure, scalable and flexible cloud service that will support our business as it grows. Just as importantly, IT Lab will also enable RFIB’s IT team to move from running day-to-day infrastructure and operations to concentrate on value-adding technology services."

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