Sword Insurance Undergoes Name Change

Following Thomas H. Lee Partners’ acquisition of the company from the Sword Group earlier this year, the global insurance and reinsurance vendor formerly known as Sword Insurance announced company brand change today: AgencyPort Software.

This name is familiar to the vendor market. AgencyPort was a U.S.-based insurance software vendor acquired by Sword Group nearly two years ago. It appears that with the split from Sword Group, Sword Insurance’s management is hoping to renew the credibility of a former purchase.

The announcement was made to the company’s 120-plus P&C industry clients at its annual user conference. The full branding transition will take place over the next few weeks, during which websites, contacts and internal units, such as “Intech,” will be updated to further reflect the company’s independence.

“While being owned by the Sword Group, we brought a number of innovative new products to market, signed up new clients, established a strong European presence, and added an offshore delivery team. With our original brand and our new strategic partner and financial sponsor, Thomas H. Lee Partners, we are more committed and capable than ever to serve our customers’ needs,” said Steve Hauck, co-founder and co-CEO of AgencyPort.

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