Xchanging
Bermingham exits Xchanging as Lloyd's consolidates market on to new claims scheme
Xchanging Claims Services executive director Paul Bermingham has left the company following the accelerated progress of the Lloyd's claims transformation programme.
CMA takes Xchanging’s Agencyport purchase to in-depth probe
The Competition and Markets Authority has referred the acquisition of Agencyport by Xchanging for an in-depth investigation after the technology firm failed to respond to a request for reassurance.
CMA threatens Xchanging with in-depth competition probe
The Competition and Markets Authority has pledged to undertake an in-depth investigation of Xchanging’s acquisition of Agencyport unless the firm can address concerns of the deal’s impact on competition.
Cooper Gay, Willis, XL, Generali and Ace sign up for Netsett pilot
Willis, Cooper Gay Swett & Crawford and Ruschlikon UK members, Ace, XL Group and Generali, have signed up to participate in pilots of Xchanging’s Netsett platform.
Market Moves - 11 September 2014
All the latest job moves in the insurance market.
Xchanging promotes Lamb to broking director
Xchanging has appointed Nick Lamb as broking director and Xchanging Broking Services managing director.
42 Xchanging claims staff in redundancy consultation
Xchanging has put 42 staff in its claims business in consultation in the third part of a redundancy process related to the end of the Lloyd’s Claims Agreement for Followers.
Xchanging sees £65.6m drop in net revenue
Net revenue at business processing provider Xchanging dropped to £205.1m in the first half of 2014 down from £270.7m in the same period for 2013.
Duo positive despite ‘lower than expected’ Lloyd’s VCS traffic
Xchanging and Crawford remain optimistic for scheme’s future
Xchanging hires Oracle's Baker as MD for Xuber
Xuber, Xchanging’s insurance software business, has appointed Chris Baker, formerly a senior vice president of Oracle, as managing director of Xuber within Xchanging Technology Services.
Xchanging acquires Agencyport's European arm
Business outsourcing provider Xchanging has acquired the European operations of US-based Agencyport Software, for a cash consideration of £64.1m.
Xchanging acquires insurance software business Total Objects
Business process and technology services provider Xchanging has agreed to acquire 100% of insurance software business, Total Objects, for a potential total cash consideration of up to £21m.
C-Suite: The future is now
Insurers in Asia need to embrace technological innovation to align with business goals.
Argo looks to Xchanging for claims role
Argo International has appointed Rashpal Rooprai as senior liability claims adjustor.
LMA's Gittings joins XIS board
Xchanging Insurance Services has appointed two new board members including Lloyd's Market Association chief executive David Gittings.
Career development & CSR: Xuber expands software scholarships
Xchanging’s software business Xuber has expanded a pilot traineeship scheme designed to develop the technical skills of technology staff.
Xchanging signs claims processing contract with London market
Xchanging has agreed a three-year claims processing contract to support its Lloyd’s customers.
Xchanging unveils iPad claims service
Xchanging has launched a new suite of tools to provide claims agreement facilities directly from an iPad.
XCS boss talks up Lloyd's future as rivals eye volume claims share
Xchanging Claims Services boss Paul Bermingham has moved to underline his firm’s continued prominence in the Lloyd’s market and accused rival claims operations of attempting to undermine XCS’s position.
60 Xchanging claims roles in redundancy consultation
60 claims staff on Xchanging’s property, binding and reinsurance teams have been put at risk of redundancy in a consultation process due to run to the end of June.
Hiscox inks Xchanging fees management contract
Hiscox is targeting improved fee turnaround with a deal that will see Xchanging provide management information.
Ascot signs five-year claims deal with Xuber
Ascot Underwriting has signed a five-year deal with Xuber, Xchanging’s insurance software business, for the provision of claims.
Xchanging boss rolls out investment ahead of 2015 growth plans
Xchanging chief executive Ken Lever has described 2014 as a “year of investment” and has pledged £40m across the group with a prominent focus on insurance and technology.
Xchanging 'transformation' progress sparks 10% profit rise
Xchanging increased its operating profit by 10.1% to £55.5m last year alongside a 56% net cash increase to £120.1m.