McGill and Partners & AXA XL announce digital-first partnership

Global specialty insurance and reinsurance broker McGill and Partners has entered into a digital-first partnership with AXA XL’s UK & Lloyd’s Business, aimed at enhancing efficiency in risk placement.

The initiative aligns AXA XL’s risk appetite across multiple lines of business with McGill and Partners’ client portfolio. By digitally identifying in-scope risks, the partnership streamlines placement and underwriting, accelerating the quoting process for clients.

AXA XL’s underwriters will gain valuable insights into risk selection and exposure management through a customised dashboard, providing greater visibility in managing exposure while maintaining underwriting standards.

The collaboration simplifies what is often a complex process. By automating and aligning risk appetite, it improves both the speed and ease of placement for clients.

Built on McGill and Partners’ proprietary Underscore broking platform, the capability may be extended to other partners in future, broadening its impact across the industry.

Steve McGill, CEO at McGill and Partners, said, “We’re thrilled to launch this partnership with AXA XL’s UK & Lloyd’s Business, who share our ambitions for a more efficient, innovative and digitally enabled insurance market. Our firm has been built on digital first principles, with a deep belief in the power of innovation to transform and improve outcomes for our clients. This partnership is another significant step which will enhance our clients’ experience.”

Sean McGovern, CEO, AXA XL, UK & Lloyd’s, added, “We are pleased to announce our strategic, digital-first partnership with McGill and Partners. This collaboration is a significant step in our market connectivity and digital underwriting journey. It allows us to harness the power of structured data and digital connectivity to deploy capacity efficiently on a risk-by-risk basis. This partnership not only enhances our trading relationship with McGill and Partners but also strengthens our position to deliver exceptional value to clients in a competitive landscape.”

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