Insurance Age

Total Objects buys up IMS to venture intl XL

Insurance software specialist Total Objects Ltd has acquired Insurance Market Solutions (IMS), a market leader in excess-of-loss (XL) treaty reinsurance software.

The deal saw Total Objects acquiring 51% of IMS and has involved the company subscribing for new capital in IMS which will be used to expand that business. Peter Presland, chairman of Total Objects, said: "IMS is a very welcome addition to the group. The move is entirely consistent with our corporate strategy and confirms our commit