AXIS Insurance, the specialty insurance business segment of AXIS Capital Holdings Limited (“AXIS Capital”) (NYSE:AXS), and AllDigital Specialty, a de novo MGA, today announced a partnership to develop and launch a new insurance platform designed to address the service void in the U.S. small private company management liability market. AllDigital utilizes low-touch/no-touch technology that will enable AXIS to operate a fast and efficient digital platform to quote, bind and issue policies in the U.S. small private company management liability market segment.
AXIS will provide paper and capacity as the underwriter for Directors and Officers (D&O) and Employment Practice Liability (EPL) policies, distributed through AXIS’ wholesale broker network. The AllDigital ecosystem is designed with the ability to expand to other products in the management liability market.
“We are thrilled to initiate this strategic partnership with AXIS to provide streamlined and automated management liability solutions to small U.S. businesses,” said Athula Alwis,