Xceedance acquires Millennium Information Services
Xceedance has acquired Millennium Information Services , expanding its presence in personal lines and enhancing its underwriting and analytics capabilities.
The acquisition adds nearly 200 employees and a network of over 1,300 inspectors, enabling Xceedance to offer more comprehensive inspection and data analytics services to insurers and MGAs.
Millennium conducts over 1 million property inspections annually for more than 80 carriers and MGAs, and its extensive data on property risks will support further innovation on its MAPS® software platform.
“Pairing our deep insurance operational expertise with Millennium’s inspection capabilities and MAPS® platform creates the most powerful, analytics-driven offering in the market. Our combined team in the Americas will now support more than 200 clients. We are excited to share the benefit of more real-time data and analysis to consider property risks with clients. But even more, we’re eager to innovate and accelerate the development of tools and services that will drive improved carrier results as underwriters are empowered to make more informed, better decisions.” – Arun Balakrishnan, CEO at Xceedance.
