25.04.05 - 12 months after completing a management buyout from the Benfield Group Limited, Wildnet has seen a very positive start to its life as a truly independent entity within the insurance industry.

“We have had a great start to our first year since the management buyout” commented Mark Birrell, CEO of Wildnet. “We have acquired 12 new customers in 12 months, hit our revenue forecasts for the year, and increased the size of our team by 50%.”

“Much of our success is about having put the right pieces in place to build a significant business in the future, and being able to respond to the seismic changes in the marketplace that have occurred over the last year. Our business has broadened in both the range of services, and the types of customers with whom we are dealing.

“For example, during 2004 we considered the implications of FSA regulation for brokers, and in August 2004 launched a solution in the form of WildCompliance. This gives compliance officers the toolset to monitor and control compliance activities across the whole company. This is proving successful with brokers of all sizes, both new to the market and those who have been in this industry for decades.

“We have also launched the consultancy division with a number of key wins, working with customers on a range of assignments from defining core processes through to future strategy. In a rapidly changing working environment, our core strengths of insurance and processing knowledge are proving highly valuable to clients.

“We are also currently watching the landscape around contract certainty with interest and have a number of solutions in the pipeline to help underwriters and brokers around this difficult and complex issue.

“We are very excited about the current environment. We believe that we are finally seeing the beginnings of the insurance Big Bang, and that we are well positioned to help a range of market participants deal with these issues.”