Xceedance, ChainThat and NuVenture come together to expand in Lloyd’s and London market

Xceedance, a global provider of insurance consulting, technology, and managed services solutions, has expanded its presence in the London insurance market with strategic partners  ChainThat and  NuVenture.

Xceedance has established a new facility that will also house partner companies ChainThat and NuVenture, and give all three organisations better accessibility within the London insurance market.

ChainThat provides technology solutions for re/insurers, and NuVenture develops and supports managing general agents (MGAs). All three organisations focus solely on insurance.

The move aims to position the organisations in the centre of the London market, and enable them to better serve clients in the Europe, Middle East, and Africa (EMEA) region.

“We are excited to move into an expanded long-term hub, which underlines our commitment to Lloyd’s and the London insurance market,” said Justin Davies (pictured left), SVP, head of EMEA at Xceedance. “In the past five years, our operations in the U.K. and EMEA region have increased significantly, as re/insurers, brokers, and MGAs further embrace the value of intelligent technologies and insurance-knowledgeable partners in helping to improve operational efficiency.”

David Edwards (pictured middle), chief executive officer of ChainThat, commented: “The pandemic forced insurance organisations to better utilise technology, but relationships remain the foundation of the industry. Having an office in the City of London helps us stay connected to better anticipate market changes and respond to the needs of re/insurers.”

Andy Colbran (pictured right), chief executive officer of NuVenture, added: “Our team looks forward to collaborating from a new base in the City and we are excited about the opportunity to engage face-to-face with capacity providers and brokers.”

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