Independent specialty broker announces digital-first partnership with Axa XL

McGill and Partners has partnered with Axa XL’s UK and Lloyd’s Business to enhance efficiency in risk placement.

The new digital placement initiative aligns Axa XL’s risk appetite across multiple lines of business with McGill and Partners’ client portfolio.

They will work together to digitally identify in-scope risks. By automating and aligning risk appetite, the two firms hope this will streamline both the placement and underwriting process, which accelerates quoting for clients.

Steve McGill, chief executive at McGill and Partners, said: “We’re thrilled to launch this partnership with Axa XL’s UK and Lloyd’s Business, which 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.”

’Significant step’

The partnership is built on McGill and Partners’ proprietary Underscore broking platform.

Sean McGovern, chief executive at Axa XL, UK and Lloyd’s, explained that the partnership enhances Axa XL’s “trading relationship with McGill and Partners” and strengthens its position “to deliver exceptional value to clients in a competitive landscape”.

He added: “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.”