LONDON, Nov. 21, 2024 /PRNewswire/ — Markel, the insurance operations within Markel Group Inc. (NYSE: MKL), today announced the appointment of David Pressman as Senior Underwriter – Marine Cargo, with immediate effect.

Pressman will support the profitable expansion of Markel’s Marine Cargo portfolio in London, by servicing new and renewal business as well as fostering strong relationships with broker partners, ensuring high service levels are maintained. He will also be responsible for identifying new areas to scale further profitable growth and supporting members in the Marine Cargo underwriting team with their professional development.

Pressman is a seasoned underwriter possessing 11 years of experience within the insurance industry. Before joining Markel, he was employed at AEGIS London, where he served in a marine cargo underwriting capacity. Before this position, Pressman spent more than eight years at MS Amlin, starting out as a Binding Authority Technician before progressing to the role of Marine Cargo Underwriter. 

Based at Markel’s London office, Pressman will report directly to Brook Styles, Head of Marine Cargo.

Styles commented: “The marine cargo market is continuing to navigate a plethora of challenges – from the ongoing geopolitical tensions in the Red Sea to the increase in natural disasters – which are causing supply chains disruptions and security concerns for the transportation of goods worldwide.

“I’m therefore delighted to welcome David to our Cargo team here in London. His strong track record, deep sector knowledge and 11 years of market experience in developing and managing cargo portfolios will add further bench strength to our well-established underwriting team. This appointment will further strengthen our leadership profile with our existing London market brokers and global partners while positioning us for long-term, profitable growth over the coming years.”

About Markel
We are Markel, a leading global specialty insurer with a truly people-first approach. As the insurance operations within Markel Group Inc. (NYSE: MKL), we operate the Markel Specialty, Markel International, and Markel Global Reinsurance divisions, as well as State National, our portfolio protection and program services operations, and Nephila, our insurance-linked securities operations. Our broad array of capabilities and expertise allow us to create intelligent solutions for the most complex risk management needs. However, it is our people—and the deep, valued relationships they develop with colleagues, brokers and clients—that differentiates us worldwide.

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LONDON, Nov. 21, 2024 /PRNewswire/ — 10x Banking, the cloud-native core banking platform, has partnered with Alloy, a leading identity and fraud prevention platform, to deliver a next-generation customer onboarding, perpetual KYC and KYB monitoring, and credit decisioning platform for financial institutions globally.

The partnership combines 10x’s pioneering meta core platform with Alloy’s leading solutions for managing identity risk throughout the customer lifecycle. 10x’s solution powers major financial institutions globally, including Chase UK and Westpac, and provides banks with the fastest, most cost-effective path to cloud-native transformation.

Alloy’s platform is trusted by over 600 of the world’s most prominent financial institutions and fintechs, including Sonovate, Liberis, Ent Credit Union, Shopify, and Clear Street. Alloy has pre-built integrations to one of the broadest networks of data products in the industry, with over 200 fraud, compliance, and identity data sources including Onfido, ComplyAdvantage, GBG and others covering 195 markets worldwide. On top of this, Alloy leverages its data orchestration capabilities to synthesise all of the data points and automate decision-making for clients, allowing clients to better solve for fraud, credit, and compliance risk, and grow with confidence.

This partnership sees Alloy’s data network seamlessly integrated with 10x’s core banking platform, enabling financial institutions to make lending and account opening decisions with increased agility and precision from the core, delivering faster, better business decisions in a market that demands real-time capabilities. The modular decisioning solution allows financial institutions, for the first time, to originate, personalize, and manage loans directly within the 10x Banking platform.

Keith Kettell, Chief Revenue Officer at Alloy said: “Our partnership with 10x Banking is a testament to our commitment to helping financial institutions in the UK and beyond fight fraud. Our partnership will provide financial institutions all over the world with flexible tools to efficiently manage identity risk, specifically aiding them in enhancing their account opening and in-life risk management processes.”

Matt Mills, Chief Revenue Officer at 10x Banking, said, “Our collaboration with Alloy represents a significant step forward in the modernization of risk decisioning. Alloy’s cloud-native approach to identity risk management complements 10x Banking’s cloud-native core banking platform, creating a modern, versatile credit decisioning tool for banks and fintechs seeking to transform their loan origination processes. This partnership, with 10x’s unique meta core approach, enables us to continue our mission to revolutionize banking for the benefit of financial institutions, their customers, and society.”

About 10x Banking: https://www.10xbanking.com

10x Banking is a cloud-native core banking platform designed for financial institutions. Founded by former banking executives and built by technologists, the 10x platform offers unparalleled security, scalability, and speed. The company’s unique ‘meta core’ approach provides financial institutions with the fastest, most cost-effective path to cloud-native transformation. 10x Banking is B-Corp certified and has a global presence in London, Sydney, and Singapore, supported by world-class investors including BlackRock and J.P. Morgan.

For interviews and images, please contact Cat Lenheim, ThoughtLDR, [email protected]

About Alloy

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Alloy helps solve the identity risk problem for companies that offer financial products. Over 600 banks, credit unions, and fintechs turn to Alloy’s end-to-end identity risk management platform to take control of fraud, credit, and compliance risks, and grow with confidence. Founded in 2015, Alloy is powering the delivery of great financial products to more customers around the world. Learn more at alloy.com.

Media Contact: Kylee Sibilia, [email protected]

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Setting a Quality & Compliance Foundation for Life Sciences Firms to Leverage Technological Advancements

LONDON, Nov. 21, 2024 /PRNewswire/ — Hexaware Technologies, a provider of IT services and solutions, has partnered with Archimedis Digital to introduce Quality & Compliance as a Solution (QCaaS). Inspired by Computerized Systems Assurance (CSA) and powered by Artificial Intelligence (AI), this solution is designed to assist the life science industry by ensuring quality and cost-effectiveness without risking regulatory compliance. 

 Key Features of QCaas:

• US Food and Drug Administration (FDA) CSA Inspired: Built on the FDA CSA (Computerized Software Assurance) principles of risk-based validation, critical thinking, and lean documentation.
• GenAI Powered: Features a digital platform centered on AI, with multiple GenAI-based tools to accelerate document generation, risk analysis, and quality reviews.
• Domain Experts in the Loop: Integrates quality and compliance experts with years of industry experience and contextual intelligence.
• Value for Money: Reduces costs and time for verification and validation activities, leading to faster product releases and upgrades.

Hexaware’s extensive reach, combined with Archimedis Digital’s domain expertise, aims to provide a solution for BioPharma, MedTech companies, and allied industry segments requiring regulatory compliance. This collaboration endeavors to address the need for cost reduction and expedited quality processes in the life sciences industry.

Srinivas Marimganti, Head of Life Sciences & Healthcare, Hexaware Technologies stated:

“We are pleased to partner with Archimedis Digital in delivering QCaaS to our broad range of life sciences clients. This collaboration combines Hexaware’s expertise in client solutions with Archimedis Digital’s domain capabilities. We’re excited to bring this capability to the industry, targeted towards driving faster, more reliable outcomes.”

Duraisamy Rajan Palani, Founder & CEO, Archimedis Digital, added: “We have created a Quality & Compliance framework leveraging our years of life sciences industry experience and are in the process of digitizing the same. We are thrilled to take this solution to Hexaware’s clients.”

About Archimedis Digital

Present in the US and India and expanding in LATAM and Europe, Archimedis Digital builds digital products and offers services exclusively to life sciences firms worldwide. Originating from a business group that develops and manufactures pharmaceutical products, Archimedis combines its deep-rooted domain expertise with technology to build innovative solutions for the life sciences industry. The company provides comprehensive solutions for quality and compliance. For more information, visit www.archimedis.io.

About Hexaware

Hexaware is a global technology and business process services company. Every day, Hexawarians wake up with a singular purpose; to create smiles through great people and technology. With offices across the world, we empower enterprises worldwide to realize digital transformation at scale and speed by partnering with them to build, transform, run, and optimize their technology and business processes.

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“Hexaware Technologies Limited (the “Company”) is proposing, subject to receipt of requisite approvals, market conditions and other considerations, to make an initial public offer of its equity shares and has filed a draft red herring prospectus dated September 6, 2024 (“DRHP”) with the Securities and Exchange Board of India (SEBI). The DRHP is available on the websites of our Company, at www.hexaware.com, SEBI at www.sebi.gov.in as well as on the websites of the book running lead managers, Kotak Mahindra Capital Company Limited, Citigroup Global Markets India Private Limited, J.P. Morgan India Private Limited, HSBC Securities and Capital Markets (India) Private Limited, and IIFL Securities Limited, at https://investmentbank.kotak.com, www.online.citibank.co.in/rhtm/citigroupglobalscreen1.htm , www.jpmipl.com, https://www.business.hsbc.co.in/en-gb/regulations/hsbc-securities-and-capital-market, and  www.iiflcap.com respectively, and the websites of the stock exchange(s) at www.nseindia.com and www.bseindia.com, respectively. Any potential investor should note that investment in equity shares involves a high degree of risk and for details relating to such risk, see “Risk Factors” of the RHP, when available. Potential investors should not rely on the DRHP for any investment decision.”

Learn more about Hexaware at https://hexaware.com/

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