Business Wire

Topsail Re Selects DXC Technology’s End-to-End Reinsurance Administration Platform

Share

Topsail Re, a recent entrant into the global reinsurance market, has selected DXC Technology (NYSE: DXC) to deploy an end-to-end solution supporting the complete reinsurance life cycle.

Topsail Re is deploying the DXC SICS solution — a leading reinsurance management platform implemented on Amazon Web Services (AWS) — to help manage their book of business. This will include treaty management, improving claims administration, ensuring accuracy with accounting transactions and reducing operational costs to support anticipated expanded growth.

“One of the core aspects of our business strategy is simplifying the reinsurance process for all parties and providing our partners with a stable, long-term platform,” said David Johnson, chairman and chief executive officer, Topsail Re. “DXC’s solution was the most comprehensive application of its kind and will save time and reduce costs through automation, as well as provide the reporting tools we need to meet regulatory requirements.”

The DXC SICS platform is a core administration system that provides comprehensive automation across the complete reinsurance management life cycle. The solution streamlines reinsurers’ processing needs, from new business to renewal management and accounting to retrocession. DXC’s SICS platform has been deployed by more than 100 insurance and reinsurance companies globally.

“DXC is focused on helping Topsail Re optimize their reinsurance management life cycle as they continue to seize new business opportunities,” said Phil Ratcliff, vice president and general manager, Global Insurance, DXC Technology. “Deployment of the DXC SICS solution will deliver the end-to-end platform Topsail Re requires and enable them to better serve customers.”

DXC is a leading provider of core insurance systems, serving more than 80% of insurers in the Fortune Global 500.

For more information on DXC’s SICS platform, click here. To learn more about DXC services and solutions for the insurance industry, visit www.dxc.technology/insurance.

About Topsail Re

Topsail Re is a closely held reinsurer domiciled in the Cayman Islands with affiliated offices in Greensboro, NC and Schaumburg, IL. Their strategy is to be disciplined and patiently develop long-term profitable relationships with companies that are like minded. Currently, Topsail Re writes in excess of $300M in premium income and is expanding its infrastructure to facilitate highly controlled growth.

Learn more about Topsail Re, visit www.topsailre.com.

About DXC Technology

DXC Technology (NYSE: DXC) helps global companies run their mission critical systems and operations while modernizing IT, optimizing data architectures, and ensuring security and scalability across public, private and hybrid clouds. With decades of driving innovation, the world’s largest companies trust DXC to deploy the Enterprise Technology Stack to deliver new levels of performance, competitiveness and customer experiences. Learn more about the DXC story and our focus on people, customers and operational execution at www.dxc.technology.

Contact information

Topsail Re
Jacqueline S. (“J.J.”) May
COO & EVP
+1.336.676.4478
jj.may@topsailre.com

DXC Technology
Dana Greenstein
Corporate Media Relations
+1.914.607.7631
dgreenstein@dxc.com

About Business Wire

For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure.

Subscribe to releases from Business Wire

Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from Business Wire

CGTN: China Makes Proposals for UN's Role in Post-Pandemic Era22.9.2020 09:48:00 EESTPress release

The United Nations, beginning with 51 signatories at the end of World War II, has now grown to be a 193-nation body. As it celebrates its 75th founding anniversary, the organization and multilateralism it represents are facing unprecedented challenges with the rise of unilateralism and protectionism. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200921005948/en/ The challenges are being compounded by COVID-19, which has infected more than 31 million people and taken over 960,000 lives worldwide. "What kind of UN does the world need and what role should it play in the post-pandemic era?" Chinese President Xi Jinping raised the question and made proposals on Monday when addressing the high-level meeting to commemorate the 75th anniversary of the UN via video link. The UN should uphold justice as countries, regardless of their sizes, are equal and should respect each other, Xi said, noting that this is a requirement of the pro

inwi money Launches International Money Transfer Capability in Partnership With WorldRemit and MFS Africa22.9.2020 09:00:00 EESTPress release

inwi money, a subsidiary of inwi and leading telecom player in mobile money services, has expanded its offering with the launch of an international money transfer service for its “inwi money” customers. “The launch of this new service is a concrete result of our efforts to diversify the available payment methods in Morocco, to widen financial inclusion to encompass a greater number of Moroccans and to reduce dependency on cash transactions. inwi customers can now receive money from their loved ones abroad quickly and securely”, explains Nicolas Levi, CEO of inwi money. How does it work? Once the money transfer is authorised by the sender via the WorldRemit platform, the recipient is notified by SMS, and the transferred amount is directly credited to their inwi money account. This new service is the result of a strategic partnership between inwi money and WorldRemit, a leading provider of online money transfer services, as well as MFS Africa, a leading Pan-African fintech which operates

ASICS Supports Tennis Coaching Community With New Virtual Academy22.9.2020 08:30:00 EESTPress release

ASICS EMEA today announced the launch of the ASICS TENNIS ACADEMY, a virtual community platform that gives tennis coaches access to advice and training from industry experts. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200921005789/en/ Introducing ASICS Tennis Academy, a virtual platform to support and empower tennis coaches everywhere. (Photo: Business Wire) Independent research* shows that 90% of tennis players rely on their coach for advice and recommendations about how to improve their game. However, most coaches say they lack the time and resources to stay informed, while also coaching full-time. Based on the specific needs of coaches, ASICS has created the Tennis Academy to provide easy access to the information they need. Experts, including elite coaches, strength trainers, physiotherapists and sports psychologists will share bespoke training videos and articles, so coaches have the latest trends and training infor

Matt Roney Named as Lumileds Chief Executive Officer21.9.2020 19:15:00 EESTPress release

Lumileds, a global leader in innovative lighting solutions, today announced the appointment of Matt Roney as the company’s Chief Executive Officer, effective October 1, 2020. Roney most recently served as President of Lumileds’ Automotive Business Unit and succeeds Dr. Jonathan Rich who will continue with the company as Executive Chairman of the Board. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200921005130/en/ Matt Roney, CEO Lumileds (Photo: Business Wire) “Speaking on behalf of the Board of Directors, we are grateful for Jon’s contributions as CEO and believe Lumileds is well positioned for success in this next phase under Matt’s leadership,” said Rob Seminara, Senior Partner at Apollo Global Management. “Matt has nearly 25 years’ experience in the automotive industry and his performance and leadership throughout his career have given us even greater confidence in his ability to drive long-term innovation and growth a

Toshiba Information Systems (Japan) Integrates Verimatrix’s Whitebox Cryptographic Key Technology Into Customer’s Main Control Function to Safeguard Consumer Printers21.9.2020 18:45:00 EESTPress release

Regulatory News: Verimatrix, (Paris:VMX) (Euronext Paris: VMX), the leader in powering the modern connected world with people-centered security, today announced that its value-added reseller, Japan-based Toshiba Information Systems (Japan) Corporation, has implemented Verimatrix Whitebox cryptographic key protection technology inside consumer printers produced by one of the country’s premier manufacturers. Whitebox is part of the Verimatrix Application Shielding family of solutions. "Exposed cryptographic keys are a significant vulnerability in IoT code for connected devices," said Asaf Ashkenazi, Chief Operating Officer at Verimatrix. "Our Whitebox tool allows Toshiba Information Systems (Japan) to dissolve keys into the code itself and obscures algorithms to keep its customer’s critical intellectual property, applications, devices and data safe. The deployment of our Whitebox technology into the devices of a leading electronics manufacturer illustrates our ability to easily empower p

RELX Outlines at the GTNF Role of Technology in Advancing Vaping Industry’s Responsible Practices21.9.2020 15:29:00 EESTPress release

The company’s Global External Affairs Lead provided concrete examples of how RELX has been harnessing the power of technology, innovation and research in its quest to forge ahead robust youth prevention mechanisms. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200921005456/en/ Jonathan Ng speaking at the GTNF Innovations on the Horizon panel. (Photo: Business Wire) At the virtual Global Tobacco & Nicotine Forum (GTNF) event yesterday, RELX Technology’s Global Head of External Affairs Jonathan Ng spoke on a panel entitled “Innovations on the Horizon.” The panel explored several topics related to the growing international acceptance of e-cigarettes as better alternatives to cigarettes, innovations related to user experience and youth prevention, and illicit trade. GTNF is one of the leading tobacco and nicotine forums in the world; speakers and attendees include public health experts, government representatives, investors and

In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.

Visit our pressroom