McGill and Partners announces a groundbreaking digital-first partnership with AXA XL’s UK & Lloyd’s Business, aimed at driving innovation and enhancing efficiency in risk placement.  

This new digital placement initiative aligns AXA XL’s risk appetite across multiple lines of business with McGill and Partners’ client portfolio. By digitally identifying in-scope risks, the partnership streamlines both the placement and underwriting process which accelerates quoting for clients.  

AXA XL’s underwriters will benefit from valuable insights into risk selection and exposure management through a customised dashboard, ensuring greater visibility in managing overall exposure while maintaining underwriting standards throughout the process. The partnership is helping to simplify what can be a complex process. 

By automating and aligning risk appetite, the partnership aims to increase the speed and overall improve the ease of placement for clients. The partnership is built on McGill and Partners’ proprietary Underscore broking platform, and the capability may be rolled out to other partners in the future, further expanding its impact across the industry. 

Steve McGill, CEO at McGill and Partners, said: “We’re thrilled to launch this partnership with AXA XL’s UK & Lloyd’s Business, who share our ambitions for a more efficient, innovative and digitally enabled insurance market. Our firm has been built on digital first principles, with a deep belief in the power of innovation to transform and improve outcomes for our clients. This partnership is another significant step which will enhance our clients’ experience.” 

Sean McGovern, CEO, AXA XL, UK & Lloyd’s, said: “We are pleased to announce our strategic, digital-first partnership with McGill and Partners. This collaboration is a significant step in our market connectivity and digital underwriting journey. It allows us to harness the power of structured data and digital connectivity to deploy capacity efficiently on a risk-by-risk basis. This partnership not only enhances our trading relationship with McGill and Partners but also strengthens our position to deliver exceptional value to clients in a competitive landscape.”