The company provides insurance organisations with a range of actuarial services, providing solutions and resources around areas including pricing reserving and economic capital modelling.
Arun Balakrishnan (pictured right), CEO of Xceedance, commented: “As a global consultancy and managed services provider, Xceedance is keenly aware of our responsibilities as a business partner to the insurance and reinsurance industry worldwide. Extending our services in the Bermuda market is integral to our company’s efforts to enhance the international scope and proximity of our managed services capabilities on behalf of clients on four continents.”
Uday Virkud (pictured left), a member of the Xceedance board of directors, added: “The insurance-focused consultancy and managed services partnership model can be of great value for Bermuda-based companies because of the potential to gain rapid and significant productivity.”
Xceedance also has offices in the US, the UK, Poland and India.