Sword Insurance, a provider of software and services to the global insurance and reinsurance industries, announces it will change its name to AgencyPort Software. The announcement was made at the company's annual user conference and to its more than 120 property & casualty insurance industry clients worldwide.
"In over ten years of working with blue chip customers we have become known for innovative software, deep domain experience and for project delivery teams dedicated to client success," says Steve Hauck, co-founder of AgencyPort and co-CEO. "While being owned by the Sword Group, we brought a number of innovative new products to market, signed up new clients, established a strong European presence, and added an offshore delivery team. With our original brand and our new strategic partner and financial sponsor, Thomas H. Lee Partners, we are more committed and capable than ever to serve our customers' needs."
Over the next several weeks the company will update its Website, email addresses, and other material to retire the Sword brand and operate as AgencyPort globally, including for the units formerly known as Intech. The management team remains intact.
"The AgencyPort name is widely recognized in the insurance industry and importantly, it is associated with a high level of customer satisfaction," said Matthew Josefowicz, partner and managing director of Novarica.
"Unquestionably, the global insurance market is awakening to the full potential that technology can provide in terms of competitive differentiation," says Eric Harnden, co-founder and co-CEO of AgencyPort. "AgencyPort is positioned at the epicenter of our customers' business and is helping them succeed through smart technology deployments."
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