Elixir launches AI-driven MGA

Elixir Technology Holdings has officially launched as a multiline MGA, founded by industry executives Farhan Shah and Keith Beach.

The company aims to streamline underwriting through AI and proprietary data insights.

Initially focused on Cyber Insurance, Elixir plans to expand into other P&C lines, including E&O, D&O, and AI Safety.

According to the press release, its AI-powered platform enhances risk prediction and underwriting efficiency, offering brokers and carriers innovative tools for navigating complex risks.

As part of its launch, Elixir announced Caroline Thompson as its newly appointed Chief Underwriting Officer. With over 15 years of experience in the industry, Thompson will oversee underwriting operations and ensure Elixir continues to deliver unmatched value to insurers worldwide. She joins Elixir from Cowbell.

“Our AI-powered platform is designed to reimagine how underwriters serve both our partners and policyholders. By leveraging predictive insights and our early investment in underwriting technology, we aim to drive profitable growth, enhance operational efficiencies, and strengthen loss control measures for our stakeholders.” — Farhan Shah, Founder and CEO of Elixir.

“By combining our extensive industry knowledge with advanced AI capabilities, Elixir is setting a new standard for the insurance industry. We’re excited to partner with Guy Carpenter to finalize our capacity partners and bring a smarter, data-driven approach to the industry. Our goal is to help our broker partners stay ahead of potential risks.” — Keith Beach, Co-Founder and President of Elixir.