New York, Bermuda and London, August 3rd, 2009: Sword Intech, a leading global vendor of policy administration software for commercial lines insurers, today announces that it features in the most recent Novarica Market Navigator™ for property/casualty insurers. Novarica is a leading provider of information, insights, and perspective on markets, operations and technology to insurance executives.

The Novarica Market Navigator™ report is relied upon by insurers to help identify and better understand the breadth and capability of policy administration solutions. The report is based upon an in-depth evaluation of each vendor’s key functionality and client base.

In the report, Novarica identifies Sword Intech as one of a select number of vendors offering a full suite policy administration system for US property/casualty insurers that specialize in commercial lines.

Novarica references the extensive out-of-the-box functionality of Sword Intech’s software, which has been specifically designed to meet the needs of global and domestic commercial, E&S and specialty insurers. Combined with a high degree of configurability and implementation times of less than six months, these attributes facilitate rapid development and roll out of new products.

Chad Hersh, principal, Novarica, said: “Despite an increasing demand for E&S systems that can support the major markets (US, Bermuda, and the UK), only a handful of vendors have focused on this market, and fewer still have live implementations in each. Sword Intech has likely found a strong niche by doing just that, and primarily with large carriers.”

David Warren, president, Sword Intech US, said: “Sword Intech is delighted to have been recognized for the first time in the Novarica Market Navigator™ report, which is testament to our growing presence in both the US and Canada.”

To view a copy of the Novarica Market Navigator™ click here.

Notes to Editors

About Sword Intech

Sword Intech’s next-generation policy administration system, Open Co+, is trusted by leading property and casualty (P&C), excess and surplus (E&S) and specialty insurance and reinsurance companies to reduce cost, improve operational efficiency, minimize time to market for new products and enhance user experience.

A comprehensive, end-to-end solution, Open Co+ streamlines and integrates policy generation and administration, underwriting, reinsurance, accounting and claims processing operations. Designed to be flexible, configurable and scalable, the system can be deployed rapidly across multiple lines of business, geographic locations, currencies, languages, tax and regulatory requirements, with consolidated accounting and reporting. Rules-based configurability allows new product development and product changes to be performed by users and business analysts, not programmers.

Sword Intech has offices in New York, Bermuda and London. For more information, please call (212) 279-6734, or visit the Sword Intech website at www.sword-intech.com.

Sword Intech is part of international technology company Sword Group. For more information, please call (212) 279-6734, or visit the Sword Group website at www.sword-group.com.

About Novarica

Novarica provides information, insights, and perspective on markets, operations, and technology to financial services and insurance executives and project teams. The company delivers its service through published research, retained advisory services, and project-based consulting. Novarica's research includes market and trend analyses, best practices research, case studies, and independent analyses of insurance software vendors. Novarica is a division of Novantas, LLC, the leading management consultancy and information services provider for the financial services industries.

For more information about Novarica, please call (212) 419-2520, or visit the Novarica website at www.novarica.com.