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Sword Group Launches a New Insurance Division

Sword Group launches a new insurance division; Sword Insurance will focus on software and delivery capabilities in areas including multi-channel distribution, business intelligence and policy administration.

Sword Group, a London-based global software and services company, has formed a new division, Sword Insurance, dedicated to providing software and services to the global insurance market. The division will be led by Steven Hauck and Eric Harnden, who co-founded AgencyPort (acquired by Sword in 2009), and Curt Stevenson, a team that has already worked together for more than 10 years, Sword Group notes.

According to the vendor, the new Boston-based division will focus on software products and delivery capabilities around solutions such as multi-channel distribution technology, business intelligence tools and specialized policy administration. In addition, Sword Group reports it has approved an increased R&D budget for the division that will fund a newly formed and centralized product development organization for Sword Insurance.

The new Sword Insurance division currently serves more than 110 clients in 17 countries in the property/casualty and health insurance industries. Sword Insurance staff comprises 350 insurance industry experts in total, including offshore professional service and support units in India and Wales.

“Through the acquisitions of Sword Intech, Sword AgencyPort and Sword Ciboodle and the launch of an offshore services team for insurance in Sword India and in our Wales service center, Sword Insurance offers an unparalleled breadth and depth of software and services.” said Heath Davies, CEO of Sword Group, in a press release. “We are confident in the ability of our new management team and our staff in their respective markets to meet customer demands and drive organic and inorganic growth.”

Katherine Burger is Editorial Director of Bank Systems & Technology and Insurance & Technology, members of UBM TechWeb's InformationWeek Financial Services. She assumed leadership of Bank Systems & Technology in 2003 and of Insurance & Technology in 1991. In addition to ... View Full Bio

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