Sword Group, a global software and services company, announces the formation of a new division dedicated to providing software and services to the global insurance market. The new division is led by Steven Hauck and Eric Harnden, who co-founded AgencyPort, and Curt Stevenson, a team that has already worked successfully together for over 10 years.

(Sword Group has been active in the insurance technology field as you can see from this article.)

The new division offers the insurance market software products and delivery capabilities around leading solutions such as multi-channel distribution technology, business intelligence tools, and specialized policy administration. In addition, Sword Group has recently approved an increased R&D budget for the division that will fund a centralized product development organization for Sword Insurance.

The new Sword Insurance division currently serves over 110 clients in 17 countries in the property/casualty and health insurance industries. Sword Insurance staff, 350 in total, is headquartered in the U.S. in Boston and in the U.K. in London with offshore professional service and support units in India and Wales.

“The foundation of our growth will be driven largely by our broad and blue chip global customer base,” says Hauck. “With our customer-centric business model, we have combined products that drive immediate business value for our clients with a flexible and efficient project delivery organization. A fierce commitment to customer satisfaction will drive innovative product development, additional acquisitions and long term, sustainable, and profitable growth.”

“Through the acquisitions of Sword Intech, Sword AgencyPort and Sword Ciboodle and the launch of an offshore services team for insurance in India and in our Wales service center, Sword Insurance offers a breadth and depth of software and services.” says Heath Davies, CEO of Sword Group. “We are confident in the ability of our new management team and our staff in their respective markets to meet customer demands and drive organic and inorganic growth.”