Reinsurance News

Xceedance launches consulting & managed services for Bermuda marketplace

31st May 2017 - Author: Luke Gallin

International provider of insurance and reinsurance consulting and managed services, Xceedance, has expanded its services to support re/insurers domiciled in Bermuda, after the company’s recent incorporation in the region.

Arun Balakrishnan, Chief Executive Officer (CEO) of Xceedance, commented; “As a global consultancy and managed services provider, Xceedance is keenly aware of our responsibilities as a business partner to the re/insurance industry worldwide.

“Extending our services in the Bermuda market is integral to our company’s efforts to enhance the international scope and proximity of our managed services capabilities on behalf of clients on four continents.”

Xceedance offers its clients expertise and solutions across the insurance and reinsurance industry in areas such as underwriting, actuarial, policy, claims, billing, finance, data sciences/analytics, and technology services. The firm assists insurers and reinsurers with the launch of new solutions, and helps firms deploy new and advanced technology and analytics.

Uday Virkud, a member of the Xceedance Board of Directors, also commented; “The insurance-focused consultancy and managed services partnership model can be of great value for Bermuda-based companies because of the potential to gain rapid and significant productivity.”

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While Balakrishnan, added; “Diverse insurer, reinsurer, broker and MGA clients value Xceedance for our business and technical expertise, right-shoring service delivery, and a proven commitment to strategic partnerships with insurance organizations.”

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