"We are very excited by this opportunity to work closely with SunGard to develop more sophisticated risk management and valuation solutions for our customers," commented Andrew Barrie, chief executive of Barrie & Hibbert. "We already work closely with two thirds of the European insurance industry, and this development provides a further opportunity to put our pioneering modelling work at the disposal of leading insurers and their customers." Marc Fakkel, head of operations for SunGard's iWORKS Prophet business unit, said, "We are pleased to be working in collaboration with Barrie & Hibbert, and look forward to working and developing this relationship in the future. The combined strengths that this agreement brings will help us to meet our strategic vision and deliver greater value and efficiencies to our customers."