Arch provides capacity to new insurtech MGA C-Quence
New insurtech managing general agent (MGA) C-Quence has secured underwriting capacity from Arch Insurance Company (Europe).
C-Quence aims to become a leading digital MGA, transforming and enhancing commercial broking experiences using technology and data.
“Our ambition is to transform mid-market commercial insurance provision in our target markets of the UK and Ireland by radically improving broker and customer service whilst driving down transaction costs and employing leading edge underwriting,” said founder and CEO Jacqueline McNamee. “We will do this by developing smart technologies that are intuitive and adaptable; by putting data and data analytics at the heart of everything we do and by creating innovative insurance products for open market and facilities business. In short: modernising the market.
C-Quence is the trading name of C-Quence Technologies which is an appointed representative of Ambant Underwriting Services. The MGA has also secured long-term financial backing from specialist investor Primary Group.
“With such strong partners supporting us we have been able to put in place a team of over 30 individuals which includes the UK based team who have the breadth and depth of insurance and technology experience and our in-house software development team in Toronto. Both are essential for us to deliver on our ambition,” McNamee said.
“With the support of some key commercial brokers we already have a platform in advanced development that raises the bar by setting significantly higher standards for broker and underwriter usability and functionality.
“We are well on course to being fully operational later this year,” McNamee added.
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