The Ardonagh Group has launched an insurtech business that seeks to improve the way data, distribution and capacity are connected across the specialty insurance sector. Ardonagh has built the firm, Axiiem, on proprietary technology which it says will help brokers, carriers and clients access and deploy capacity in a more connected and data-led way.

Axiien will have an initial focus on digital trading and capacity solutions for key distribution partners in selected markets with details of a wider rollout to follow.

James Masterton, executive chairman of Axiiem, said: “We are creating a more dynamic way to connect data, distribution and capacity. That means greater immediacy for clients and brokers and a more efficient route to product and portfolio distribution for carriers. The opportunity is not just to digitise existing activity, but to improve how business flows through the market attracting shares of portfolios to London that historically remained in domestic markets.”

He added: “This is the product of years of investment in data, trading infrastructure and specialist expertise. We have built Axiiem to be sophisticated, scalable and practical – a business that can help carriers respond faster, help brokers and clients access solutions more efficiently and create a stronger digital trading environment.”