Xceedance launches life re/insurance practice in Europe
Xceedance, a global provider of insurance consulting, managed services, technology, data science, and blockchain solutions, has launched its new life insurance and reinsurance practice under the leadership of former JLT and PartnerRe executives.
The practice, based in its new office in Liechtenstein, will focus on partnering with existing and start-up life re/insurance organisations and insurtech providers, offering services such as interim management, strategic consulting, product development, actuarial services, sales strategy consulting, Solvency II Pillar 1-2 support, and reinsurance optimisation. Additionally, it will help carriers with legacy transformation to better manage new and existing business, and to transact run-off portfolios.
Markus Brugger and Mark Lucas will jointly direct the new office of Xceedance in Liechtenstein, as leaders of the life insurance and reinsurance sectors, respectively.
Brugger has 30 years of life re/insurance experience and was president of the Liechtenstein Insurance Association from 2012 to 2014. He has held senior roles with Winterthur Re, Cologne Re, and PartnerRe, and was CEO for 17 years at PrismaLife and Liechtenstein Life. He joins Xceedance from Grant Thornton Liechtenstein/Switzerland, where he led the insurance advisory practice.
Lucas has 35 years of industry experience at Guy Carpenter in Denmark, U.S. Re in Switzerland, and most recently at JLT Re in Switzerland, where he was general manager. He is said to have developed several new reinsurance products over his career and brings a wealth of life reinsurance knowledge to Xceedance.
“Liechtenstein is a significant financial services hub, including for worldwide life re/insurers, and our rapidly growing company is especially skilled in supporting the full range of insurance operations, as we help our global clients gain new business, grow revenues and minimise expenses,” said Arun Balakrishnan, CEO of Xceedance. “We are excited to locate an office in Liechtenstein and expand opportunities for direct interaction with diverse life re/insurance organisations, both in the EMEA region and worldwide.”
Brugger added: “Liechtenstein is a well-established global insurance marketplace, and Xceedance can help and support life re/insurers worldwide to strengthen their operations and enter new markets.”
Lucas commented: “We are excited to join a dynamic company such as Xceedance and look forward to building the company’s life re/insurance consulting and technology services to assist the industry in addressing pressing challenges and diverse market opportunities.”
