Crux Underwriting Integrates mea’s GenAI Platform to Transform Broker Experience

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Crux Underwriting Integrates mea’s GenAI Platform to Transform Broker Experience

Specialty MGA Crux Underwriting is set to harness mea's advanced GenAI-powered platform to enhance its broker service capabilities. This partnership aims to drastically cut the time needed to quote business, reducing it to just minutes, and significantly boosting operational efficiency for underwriters.

By integrating the mea Platform with Crux Underwriting's CruxHub—a cloud-based, straight-through-processing system—the collaboration is designed to deliver a top-tier user experience for both brokers and insurance markets.

The mea Platform leverages AI technologies, including natural language processing (NLP) and machine learning (ML), to transform raw submission data into actionable insights. This allows for faster risk assessment and accelerates decision-making processes.

For Crux Underwriting, this integration promises to revolutionize the broker experience by shifting underwriters' focus from administrative tasks to market engagement.

This strategic alliance represents a broader trend in the insurance sector toward AI- and ML-based automation to improve service speed and quality.

With mea's sophisticated data ingestion technology, brokers using CruxHub will benefit from streamlined workflows, eliminating repetitive data entry and enabling drag-and-drop scheduling directly within the system.

This seamless process not only simplifies data extraction but also automatically populates Crux’s pricing tool, creating an almost instantaneous quoting experience.

Crux Underwriting's CUO Mike O’Connor highlighted the benefits, stating, “Integrating mea’s AI solution enables brokers to drag-and-drop schedules of value, starting with terrorism, directly into CruxHub. This then automatically extracts the data, populates our pricing tool, eliminates rekeying, and generates quotes in seconds.”

Graham Elliott, CEO of Crux Underwriting, added, “This is a transformative solution. We evaluated numerous data ingestion providers and found mea to have a superior understanding of our vision, market, and specific use cases. Mea also outperformed in our testing. We’re thrilled to announce this strategic partnership and look forward to our future achievements together.”

Graeme Asquith, UK Managing Director at mea, remarked, “Crux is committed to creating a seamless and efficient broker experience, powered by cutting-edge technology. We’re proud to have been selected to deliver this solution. Recently, we’ve signed agreements with several of the most progressive global (re)insurers, and this partnership with Crux underscores the strength of our offering across the market.”

Envelop Risk Unifies Cyber Operations, Appoints Dom Peters as CEO of New Underwriting Division

Envelop Risk, a reinsurance managing general agent and analytics specialist, has announced the formation of Envelop Underwriting, consolidating its current cyber underwriting operations, including Envelop Risk Bermuda and Envelop at Lloyd’s, as well as Envelop Risk SPA 1925.

Dom Peters will join as CEO of this newly established division, reporting directly to co-founder and group CEO Jonathan Spry. Peters will lead the management and governance of Envelop's underwriting activities, with all underwriting, portfolio management, and capital functions under his direction. His role will also involve advancing Envelop’s growth strategy and supporting the development of underwriting products.

Peters joins Envelop with over 27 years of industry experience, most recently from Dale Underwriting Partners (Syndicate 1729), where he served as active underwriter since 2021. During his time there, he successfully removed all classes from remediation and achieved the syndicate’s highest profit.

Previously, Peters was Chief Underwriting Officer of MS Amlin’s global reinsurance unit, overseeing a £1.3 billion portfolio. He held the role of joint active underwriter for Syndicate 2001 from 2014 to 2017, and earlier, served as MS Amlin’s Deputy Head of Reinsurance in London, managing the international property treaty and specialty XL portfolio.

Spry commented, “Envelop Underwriting unites all our underwriting operations within one strategic framework, enhancing our focus and accelerating growth into new markets.”

He added, “I’m pleased to welcome Dom, whose extensive expertise and global experience will further strengthen our commitment to sustainable growth in the cyber insurance sector worldwide.”

Peters remarked, “Bringing all of Envelop’s underwriting activities together under a single unit presents significant opportunities for the business and its role in supporting the rapidly growing global cyber market. I am eager to lead this new division and work closely with Jonathan and our skilled underwriting teams to realize that potential.”

Founded in 2016, Envelop Risk aims to revolutionize the reinsurance industry’s approach to cyber risk management. The insurtech is headquartered in Bristol, UK, with offices in London, Bermuda, and San Francisco.

SiriusPoint Strengthens Leadership with New Chief Underwriting Office Appointments

Specialty insurer and reinsurer SiriusPoint has announced the promotion of Anthony Shapella to group chief underwriting officer, with the role commencing on January 1, 2025. Shapella will also join SiriusPoint's executive leadership team.

This promotion is part of SiriusPoint's strategic initiative to enhance underwriting capabilities and profitability by 2025. David Govrin, who has been handling dual roles as group president and chief underwriting officer, as well as serving as the Global Profit and Loss (P&L) lead for reinsurance since February 2021, will now focus exclusively on his role as group chief executive officer and president of Global Reinsurance.

The restructuring aims to streamline the company’s management framework and sharpen the strategic direction of its reinsurance division.

Shapella, who joined SiriusPoint in September 2023 as deputy chief underwriting officer, previously served as head of portfolio analytics for general insurance at AIG.

SiriusPoint CEO Scott Egan commented, “David has been instrumental in driving our underwriting turnaround, recruiting and mentoring talent within the organization. Both David and Anthony are highly valued team members, and Anthony has greatly benefited from David’s guidance since joining us 15 months ago.”

Egan added, “We take pride in promoting talent from within and are thrilled that Anthony will now lead our underwriting office, while David continues to focus on expanding our reinsurance offerings.”

Shapella expressed, “I’m honored to join the Executive Leadership Team as group chief underwriting officer. I extend my gratitude to David for his mentorship and leadership, and I look forward to the opportunities ahead.” In July, SiriusPoint also appointed Anthony Williams as chief risk officer for its SiriusPoint International Managing Agency and international operations.

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