Looking to expand its presence in the North American market, Lyon, France-based Sword Group has acquired privately held Boston-based AgencyPort, a provider of Web-based software and insurance distribution technology.
The companies say the combined offerings will bring a unique combination of products to property/casualty insurance companies that span policy administration (Sword Intech) and multi-channel CRM (Sword Ciboodle) with AgencyPort’s distribution technology (the renamed Sword AgencyPort). While assigning resources to realize product integration, the company says each of these three components will retain its own product development strategy to remain best-in-class.
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