AXIS Capital Holdings Limited announced today that it has received authorization from Lloyd's for AXIS Managing Agency Ltd to commence management and oversight of Novae Syndicate 2007 and SPS 6129. The authorization became effective January 1, 2018, and creates a single managing agent structure for AXIS' operations at Lloyd's. AXIS Syndicate 1686 and Novae Syndicate 2007 underwrite specialist classes that include marine, cyber, energy, aviation, terrorism, construction, property, casualty, political risk and political violence, professional indemnity, and reinsurance, among others.
American Family Insurance plans to accelerate its digital transformation, including its use of data, advanced analytics and artificial intelligence (AI) through its recent acquisition of the Chicago-based data and analytics software company, Networked Insights. "We have significantly invested in our technology platforms and data and analytics in the past three years," American Family Chairman and CEO Jack Salzwedel said in a statement about the acquistion. "This acquisition and others strengthen our best-in-class agency distribution by bringing best-in-class digital and data capabilities, providing our customers with both expertise and convenience."
Johnson & Johnson Insurance announced earlier this month that the company will provide a flood program on Appulate, which offers independent insurance agents technology that enables the agency to bridge data directly from their agency management systems to complete the rate/quote/request to bind process for a variety of P&C insurance products. By working with Appulate, Johnson & Johnson is bringing an automated flood program to the more than 30,000 independent agencies nationwide.
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