Ebix Inc exits Chapter 11
Ebix Inc., a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, healthcare, and e-learning industries, announced today that it has successfully completed its Chapter 11 restructuring process and has emerged as a financially and operationally stronger company that is well-positioned for the future.
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The 12,000+ employee Company is now debt-free worldwide.
Ebix Europe Commentary
Ebix Europe is a UK Limited company, and a wholly owned subsidiary of Ebix Inc., the largest provider of electronic trading solutions and innovative Insurtech products to the global (re)insurance market, covering both large commercial and specialty markets.
Business as usual continues at Ebix Europe, which also confirms its commitment to the continued growth and development of its flagship products, PlacingHub, ExposureHub, and EbixExchange. These innovative solutions continue to evolve and are attracting a growing user base among leading insurers and brokers, and the team to ensure they meet the highest standards and the ever-changing needs of our clients.
Ebix Europe Vice President Pete Smyth said: "This acquisition at group level reinforces our regional stability and commitment to our clients, ensuring that our operations remain seamless and our services continue to exceed expectations. There will be no changes to the current management team or employee structure, ensuring continuity and stability for our clients.
Our dedicated team remains focused on delivering the high-quality service and innovative solutions that our clients have come to expect. Our focus on innovation and driving forward with London market modernisation technology that performs seamlessly for insurers and brokers remains unwavering. We look forward to advancing PlacingHub, ExposureHub, and EbixExchange, and announcing the next exciting developments to their functionality, and delivering even greater value to our rapidly expanding insurance broker and insurer user base in 2024 and beyond."