Xitus, a legacy specialist providing discontinued insurance solutions through acquisition and loss portfolio transfers, has chosen INTX Insurance Software, a complete Insurance Operating System for specialty P&C insurers, MGAs, reinsurers and captives, as its core insurance operating system to support its global portfolio and captive operations.
INTX will support Xitus in the global scaling and management of its run-off, LPT, IBT, and captive re/insurance operations. This support extends across its subsidiaries: Xitus Bermuda, Xitus UK, Xitus Europe, and its newest acquisition, Chevron Captive, Insco.
Xitus expanded its use of the INTX platform more extensively to gain capital visibility across its long-tail portfolios and to expedite the execution of Loss Portfolio Transfers (LPTs) and acquisitions.
The platform facilitates this by providing enhanced capabilities for portfolio monitoring, reporting, and coordination, specifically supporting the firm’s acquisition and LPT activities.
“As an early adopter, we are growing the relationship with INTX because the platform gives us the control to manage our business at scale and as our transaction volume and geographic footprint expand, INTX is the core system we can rely on to operate with confidence and control,” said Benjamin Dovey, Head of Commercial & Operations at Xitus. “INTX brings structure to historically fragmented and manual processes and gives our team confidence to move quickly as we take on more transactions.”
Unlike general-purpose core systems, INTX is designed for the operational and financial realities of legacy and captive insurance.
By adopting the INTX platform, Xitus is establishing a modern operational framework designed for scalability. As a unified technology solution, coupled with specialised expertise, it will effectively manage the increasing complexity of reinsurance treaty management and the growth in transaction activity, the firm noted.
“Runoff and captive portfolios demand a level of financial control and the ability to utilize Predictive AI Actuarial modelling that legacy systems were never designed to deliver. INTX gives organizations like Xitus real-time visibility and governance across complex, multi-entity portfolios as they scale globally,” said Rob Lewis, CEO of INTX Insurance Software. “Our platform gives leadership real-time visibility into reinsurance and claims activity that provides clean data for their predictive AI Models and regulatory oversight.”
