Vencora acquires CT InsureTech to take permanent ownership of London market bordereaux platform

By The Financial Edition · 4 November 2026 · 08:57 GMT · Insurance Business UK · 1 min read

Transition of London market data infrastructure

CT InsureTech, known for its Delegated Data Manager platform and Tide system, has been acquired by Vencora following a separation process initiated in August by former parent Charles Taylor. The platform has historically served as a centralised bordereaux processing service for Lloyd's managing agents, brokers, and global coverholders under both mandatory and elective models.

Vencora acquisition model and operational structure

Vencora operates as a buy-and-hold-forever acquirer under Volaris Group, an operating group of Constellation Software, contrasting with typical three-to-seven-year private equity ownership cycles. Following the transaction, the business will operate through three distinct units: CTI Insurance Modernisation, CTI Digital Transformation, and CTI London Market and Managed Services. Financial terms of the agreement were not disclosed.

Why it matters

The acquisition places critical London market delegated authority infrastructure under a perpetual-holding software owner rather than private equity, offering market participants long-term continuity for their bordereaux and data management systems.

Jargon, explained

managing agent: A firm responsible for managing and underwriting business for a Lloyd's syndicate.

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