Duck Creek to acquire Prima XL from Prima Solutions.

Duck Creek, an intelligent solutions provider, agreed to acquire Prima XL, a cloud-based reinsurance software, from Prima Solutions, a cloud platform. Financial terms are not disclosed. “The insurance industry is undergoing a generational modernization of its technology infrastructure while organizations seek innovative ways to better manage the entire end-to-end insurance cycle in the cloud. Core systems for policy, rating, billing and claims are advancing at a rapid pace, and Duck Creek is a well-positioned leader here. In addition to our global core systems vision, by adding Prima XL to our product family, we are focused on accelerating insurance carriers’ technology goals by delivering evergreen, intelligent, cloud-based SaaS solutions that streamline and automate reinsurance operations," Mike Jackowski, Duck Creek CEO.