AQS Acquires Assets of AscendantOne Policy Management Suite

AQS, Inc., (Hartland, Wisc.), a provider of policy administration systems for commercial property and casualty insurance, has acquired the assets and corresponding personnel of the AscendantOne Policy Management Suite from Nashua, N.H.-based ISO Insurance Technology Solutions (ISO-ITS), a unit of Insurance Services Office, Inc. (ISO). Terms of the transaction were not disclosed.

The acquisition gives AQS broader carrier-service options, as the company adds the capabilities of the AscendantOne Policy Management Suite and the associated rate-management capabilities to its current policy administration offerings for property/casualty insurers. As part of the transaction, AQS will obtain the tools used to maintain the ISO Rating Service' software. ISO retains ownership of ISO Rating Service and will maintain and support the advisory loss costs, rules, and forms contained in ISO Rating Service.

Peggy Bresnick Kendler has been a writer for 30 years. She has worked as an editor, publicist and school district technology coordinator. During the past decade, Bresnick Kendler has worked for UBM TechWeb on special financialservices technology-centered ... View Full Bio