Reinsurance News
Duck Creek Technologies
Bindu Crandall named CMO for Duck Creek Technologies
21st May 2024
Duck Creek Technologies, a provider of SaaS-delivered software to the property and casualty (P&C) arena, has announced the appointment of Bindu Crandall as Chief Marketing Officer (CMO). In her new role, Crandall will be responsible for overseeing Duck Creek’s strategic marketing and branding efforts driving the company’s global expansion and leadership ... Read the full article
Core Specialty highlighted as Duck Creek’s first customer transacting its Cloud-based SaaS solution
2nd April 2024
Core Specialty has been highlighted as being Duck Creek Technologies' first customer transacting its Duck Creek OnDemand subscription on Microsoft’s commercial marketplace to use its existing Microsoft Azure Consumption Commitment (MACC). In a press release, it notes that Core Specialty recognises the strategic value of acquiring software-as-a-service (SaaS) products through the ... Read the full article
Duck Creek launches new payment processes solution for North America
20th March 2024
P&C insurance software provider Duck Creek Technologies, has announced the launch of Duck Creek Payments in the North American market, a cloud-based Software as a Service (SaaS) solution. This cutting edge product, Duck Creek stated, is to transform the insurance industry by offering unparalleled access to any global payment provider or ... Read the full article
Duck Creek announces Xceedance inclusion as premier reinsurance partner
20th February 2024
Duck Creek Technologies, a P&C solutions provider, has welcomed Xceedance, an insurance-focused consulting, technology and data provider, as an inaugural ecosystem partner for reinsurance. Xceedance has been a longstanding collaborator with Duck Creek, having already partnered with three of its reinsurance global customers in Australia, the UK, and the US. As an ... Read the full article
Duck Creek enhances Reinsurance Cloud Platform with Lloyd’s integration for global insurance carriers
19th December 2023
Duck Creek Technologies, a provider of intelligent solutions in the property and casualty (P&C) and general insurance sectors, has announced a significant enhancement to its Reinsurance Cloud Platform. The company has integrated support for Lloyd’s Outwards Reinsurance Scheme (LORS), a key component of Lloyd’s of London's requirements for its member organisations. This ... Read the full article
Duck Creek appoints Barbara Bufkin and Diane Fanelli to its board of directors
11th December 2023
Duck Creek Technologies has appointed Barbara Bufkin and Diane Fanelli to its board of directors. Duck Creek describes Bufkin as a C-suite executive leader with vast experience in the insurance and reinsurance industry, having previously served in roles encompassing operational and strategic responsibilities, business and product development, underwriting, claims, risk management, ... Read the full article
Duck Creek unveils next gen data management and analytics product
5th December 2023
Duck Creek Technologies has announced the release of Duck Creek Clarity, a cloud-native technology solution and the successor to Duck Creek Insights that will "transform the future of data-driven excellence for the insurance industry." According to the firm, Duck Creek Clarity is designed to "empower insurers with advanced data management, reporting, ... Read the full article
Duck Creek teaming with Microsoft to bring generative AI to P&C insurers
20th November 2023
Duck Creek Technologies, a P&C solutions provider, has unveiled a breakthrough initiative in collaboration with Microsoft, which is set to empower insurers to reimagine their businesses by facilitating smoother implementation processes and faster speed to market through the aid of generative artificial intelligence (AI). Duck Creek's platform is built on Microsoft ... Read the full article
Duck Creek Technologies expands into Indian market
14th August 2023
Duck Creek Technologies India LLP, a subsidiary of Duck Creek Technologies, has announced its expansion into the Indian general insurance market. Duck Creek Technologies India LLP will offer India-based insurers modern cloud-based software-as-a-service (SaaS), delivered as a full suite of capabilities or as stand-alone solutions. The expansion reinforces the company’s market commitment ... Read the full article
Duck Creek names Chris McCloskey as Chief Operating Officer
31st May 2023
Duck Creek Technologies has announced the addition of Chris McCloskey to its leadership team as Chief Operating Officer. Duck Creek states that the addition of McCloskey will be instrumental in driving key strategy, operational and transformation initiatives across the entire business, particularly within its customer and professional services organisations. McCloskey joins Duck ... Read the full article
Duck Creek study suggests desire for “humanized experiences” in insurance
11th May 2023
Consumers across the globe desire humanized experiences when navigating the insurance industry, claims the second edition of the Global Consumer Insurance Insights survey from Duck Creek Technologies. This second wave of research was conducted independently by Research in Finance for Duck Creek Technologies and surveyed over 2,000 policyholders across 13 countries, ... Read the full article
Duck Creek to acquire Imburse Payments
11th January 2023
P&C solutions provider Duck Creek Technologies has announced a definitive agreement to acquire Imburse Payments, a Swiss-based modern payments platform. Imburse's cloud-native SaaS payment solution is designed for the insurance industry, with the intent to bring greater ease and efficiency to end-to-end transactions. As part of Duck Creek, Imburse will continue to ... Read the full article
Duck Creek agrees acquisition by Vista for $2.6bn
9th January 2023
P&C solutions provider Duck Creek Technologies has agreed to be acquired by global investment firm Vista Equity Partners in an all-cash transaction valued at approximately $2.6 billion. Under the terms of the agreement, Duck Creek shareholders will receive $19.00 per share in cash, which represents a 46% premium to Duck Creek’s ... Read the full article
Duck Creek Producer to expand internationally
28th September 2022
P&C solutions provider Duck Creek Technologies has announced the international expansion of Duck Creek Producer – a platform for enhancing the relationships between insurers and brokers and accelerating speed-to-market for distributing new products. Launched in the US in 2020, Duck Creek Producer has been gaining attention and traction, including a recent ... Read the full article
Duck Creek continues to expand offerings in APAC region
26th August 2022
P&C solutions provider, Duck Creek Technologies has announced the release of the first of many planned software packages and implementation accelerators localised for the New Zealand insurance market. This release is part of the company’s continued investment and expansion in the Asia-Pacific (APAC) region. According to the announcement, Duck Creek’s local offerings ... Read the full article
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