Axcelus Financial (“Axcelus”), a leader in life insurance and annuities, today announces a long-term strategic partnership with SS&C Technologies, a global provider of financial technology and administrative support, to enhance Axcelus’ technology and operational capabilities.
Through this collaboration, SS&C will support Axcelus across mid- and back-office operations, with the aim of enhancing performance and enabling innovation. Now underpinned by operational and technology excellence from a leader in the field, Axcelus is focused on three key opportunities:
- Enhancing customer experience, leveraging SS&C’s data and technology to deliver personalized, omni-channel digital experiences and real-time information access
- Expanding product development, so that Axcelus delivers more range and maximum value to its policyholders and can move faster in line with our priorities
- Accelerate technology adoption, to ensure a modernized, stable and secure foundation that Axcelus customers can trust
“SS&C is trusted for its long-standing commitment to innovation and advanced technology solutions. Alongside our deep experience in developing insurance-based solutions for sophisticated individual and institutional investors, together we’ll be able to enhance our value proposition for our partners and policyholders. We’re excited about this milestone and look forward to working closely with the SS&C team.”
– Michael Farrell, CEO at Axcelus Financial
Through this partnership, Axcelus’ mid- and back-office teams will transfer to SS&C where they will work within a dedicated service team focused on supporting Axcelus operations, ensuring service continuity and sharing deep institutional knowledge and experience. They will continue to work with Axcelus’ clients and directly alongside the Axcelus team, while taking full advantage of the technology, innovation and scale of operational support SS&C brings, making this partnership one of close collaboration.
As the leader in the private placement insurance space, Axcelus seeks to drive continued growth in alignment with its fundamental aim of creating long-term value for clients both domestically and internationally. Alongside this partnership and investment in new technology, the company will continue to focus on its team, products and overall quality of expertise to deliver on new opportunities and meet the evolving needs of all stakeholders.
“We are constantly identifying ways to free up time and resources to drive growth and to enable our team to focus on core competencies. By collaborating with SS&C and preserving the institutional knowledge of our team, we can devote more resources to providing top-quality insurance-based solutions and unmatched levels of service to our clients. SS&C’s deep insurance expertise, scalable modern technology, and strong track record of driving operational excellence, made them the clear choice for us.”
– Chuck Nachman, President & COO at Axcelus
