LONDON, June 17 (Reuters) - British insurance softwarecompany Innovation Group said on Wednesday it hadsecured a 46 million pound ($72.3 million) contract with a majorclient, its third and biggest new business win this year.
The deal, which will see Innovation's products used tohandle policies, claims and analytics, was hailed as a "landmark win" by Chief Executive Andy Roberts.
Shares in the group rose to an 11-month high on Wednesday,and were trading up 4 percent at 32.75 pence at 0924 GMT.
Analysts at UBS said the win was testament to Innovation'snew strategic relationships with systems integrators Deloitteand IBM, one of which helped it secure the deal.
Industry sources said the contract was likely connected toCo-operative Insurance, after it also announced a 55 millionpound deal with Innovation Group's partner IBM on Wednesday.
($1 = 0.6361 pounds) (Reporting by Paul Sandle; editing by Kate Holton)