The Ardonagh Group has launched Axiiem, a new InsurTech business designed to connect data, distribution and capacity more intelligently across specialty insurance.
Built using proprietary technology developed in-house, Axiiem is designed to bring greater speed, transparency and efficiency to the placement process, helping brokers, carriers and clients access and deploy capacity in a more connected and data-led way.
The business will build on portfolio success, with an initial focus on digital trading and capacity solutions for key distribution partners in selected markets.
Digital and algorithmic underwriting models have become a growing feature of the Lloyd’s market, where enhanced underwriting and digital follow capabilities are being used to simplify placement and improve speed to quote.
Mr James Masterton will lead Axiiem as Executive Chairman.