AXA XL and Vindati team up to offer ocean cargo insurance for SMEs

AXA XL has teamed up with Vindati, an insuretech managing general underwriter (MGU), to offer ocean cargo insurance for small and middle-sized businesses.

AXA XL’s US marine insurance business offers its products via Vindati’s proprietary rate, quote, bind, issue online platform. It combines Vindati’s automated quote to issuance capabilities with AXA XL’s first notice of loss claims reporting website and handling processes.

The partnership focuses on US cargo risks with an international exposure of $25 million and less, including inland transit and warehouse coverage.

Andrew D’Alessio, head of Ocean Cargo for AXA XL’s US Marine insurance team, said: “Vindati’s online platform expands our distribution to Vindati’s relationships and gives our brokers easy access to instant, customisable quotes to address their clients’ cargo insurance needs.”

Hugh Burgess, founder and CEO of Vindati, added: “Not only does Vindati offer brokers speed and easy access, it provides insurance carriers, like the AXA XL companies, greater efficiency to deliver their coverages to a wide range of businesses for a variety of coverages.”