Mr Smith said: “We have completed 14 acquisitions in the past six years, and that is 14 integrations. One of the advantages of the Zurich platform purchase is they are on the same technology suite as Embark, so the risk of transfer is low. This is not a major re-platforming exercise.”
Both platforms use FNZ technology, though Zurich's version of the technology is older.
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Mr Hammond said: “With two substantial deals to integrate at this stage, I think it makes a lot of sense for them to pause, and not take on more work in terms of integrating platforms.”
david.thorpe@ft.com
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