Xchanging to reinforce position in Bermuda

Xuber, Xchanging’s insurance software business, is set to reveal plans to strengthen its position in the Bermudian insurance market.

An insurance software platform configured for the assumed reinsurance market will be launched at an event on September 23, 2014, in Hamilton, Bermuda.

The event will also include presentations from the business on the challenges facing the Bermudian market, and issues such as legacy systems and data migration.

The results of Xuber’s Bermudian market survey will also be published, following a series of interviews with senior figures from the region.

Chris Baker, managing director of Xuber, said: “Xuber began its life at the heart of the London market.  Our local expertise provides the ideal platform to build upon as we strengthen our global position, extending our reach and services to core insurance markets around the world. Xuber has extensive experience in supporting customers in Bermuda, and this latest offering demonstrates our commitment to investing in our business in the region.

“The global insurance market is constantly evolving and local markets must be able to adapt and stay ahead of the curve to remain competitive. We’re excited to reveal details of our latest offering in Bermuda, as we cement our position in this market.”