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Year invested

2014

Country

UK

Website

sequel.com


Sequel Business Solutions (‘Sequel’) is a leading software and services provider to Lloyd’s of London and the broader London insurance market. It was founded in 1993 and has since grown to become one of the leading insurance and reinsurance software specialists in the UK. Sequel has an attractive customer base, comprising some of the most highly respected companies in the commercial insurance sector, which rely on Sequel’s core platform, Eclipse, to run and optimise their operations. The company also provides innovative, web-based software solutions for related work streams such as risk analytics (Sequel Impact).

The Mercury team approached the management of Sequel at the start of 2014, following broad research into the insurance software market. They were impressed by the clarity of Sequel’s strategy and the quality of its customer base and software platforms. The company stands out in its marketplace for its independence and investment in innovation and focus; these position it very well to continue to be the supplier of choice for underwriters and brokers.

In August 2017, Sequel was sold to Verisk Analytics, a leading data analytics provider serving customers in property/casualty insurance, natural resources, and financial services. Headquartered in Jersey City, NJ USA, Verisk Analytics operates in 29 countries and is a member of Standard & Poor’s S&P 500® Index.

The sale of Sequel resulted in an investment return of 5.1x and a 77% gross IRR over Hg’s investment period.

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