Long in the making, the LexisNexis Insurance Exchange now has an official governing body that will oversee its efforts. The Insurance Exchange Trust Inc., an industry-controlled entity designed to oversee the LexisNexis Insurance Exchange, was officially unveiled last week.

The oversight group and the entity itself are taking a step away from the moniker “Single Entry, Multiple Carrier Interface,” which the industry commonly used over the past several years to represent the exchange and its progress.

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