IJ – August 31, 2020 – AXIS Insurance, the specialty insurance business segment of AXIS Capital Holdings Limited, and AllDigital Specialty, a de novo MGA, will launch a new insurance platform designed for the U.S. small private company management liability market.

AllDigital utilizes low-touch/no-touch technology that AXIS will utilize 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.

According to Mark Paccione, head of Commercial Management Solutions at AXIS Insurance, AXIS will work in partnership with AllDigital and wholesale distribution partners to provide a small businesses.

AXIS Digital Ventures works with internal business partners across AXIS’ underwriting units to develop and grow strategic partnerships with InsurTechs and other innovators.

AXIS Insurance – the insurance business segment of AXIS Capital Holdings Limited provides property & casualty, professional lines, terrorism, marine, renewable energy, aviation, credit & political risk, environmental, accident & health coverages and other customized insurance solutions. Products are offered through distribution partners, which include wholesale brokers, retail brokers and designated managing general agents/underwriters in the U.S. and abroad. Coverages are backed by the financial strength and security of the AXIS Insurance Companies.

AllDigital Specialty is an insuretech startup that deploys an AI and Blockchain for the private company management liability marketplace. AllDigital Specialty is both a Managing General Agent, focused on risk selection and the delivery of insurance products, and a technology as a service provider for specialty insurance carriers.