Global IT services giant NTT DATA has acquired Alchemy Technology Services, enhancing its capabilities to modernise and innovate within the complex insurance sector, especially in the specialty insurance market and the London Market.
NTT DATA, a leading global player in AI, digital business, and technology services, has announced the acquisition of Alchemy Technology Services, a specialised insurance technology consultancy. This strategic move underscores NTT DATA’s ongoing commitment to transforming the global insurance ecosystem, tackling key challenges around agility, modernisation, and scalability in the sector.
Alchemy Technology Services brings to the table significant expertise in the specialty insurance market, particularly in navigating complex and highly regulated environments such as the London Market, regarded as the world’s largest (re)insurance subscription market. This acquisition is expected to bolster NTT DATA’s capacity to serve niche and premium market segments across its broad global insurance footprint, which includes over 300 clients and 15,000 specialists across 26 countries, with six of the top ten insurers by revenue counted among its customers.
The integration of Alchemy’s strong consultancy capabilities and Guidewire credentials with NTT DATA’s global scale aims to accelerate core system modernisation efforts, supporting the digital transformation of key insurance markets. It is anticipated to foster a smarter, more connected, and data-driven approach to insurance products and services. Together, the companies plan to innovate around emerging technologies such as AI, automation, sustainability, and next-generation insurance solutions.
Significantly, the acquisition will enhance value for insurance clients by expanding capabilities in core system implementation, digital transformation, testing, and application management. It also strengthens NTT DATA’s regional presence in the UK and Ireland, with a particular focus on delivering expertise across the entire insurance lifecycle.
As part of the deal, Alchemy’s team will become a Global Centre of Excellence based in Derry~Londonderry, helping to shape and lead complex transformation programmes for insurers worldwide. Their unique delivery model, which includes a pioneering training academy that has developed over 200 insurance professionals since 2018, is set to be adopted internationally, supporting teams across multiple global locations. Alchemy has already established itself as a Guidewire PartnerConnect Consulting partner at the Select level, contributing valuable expertise in modernising and supporting policy administration, billing, and claims management systems, especially in cloud migration efforts.
From NTT DATA’s perspective, the acquisition represents a strategic evolution of shared visions and values, with Bruno Abril, Global Lead of Insurance Industry at NTT DATA, highlighting that IT modernisation in property and casualty (P&C) insurance is a core market priority attracting sustained investment. He emphasised that combining forces with Alchemy enhances NTT DATA’s capacity to deliver scalable and smarter insurance solutions attuned to the evolving needs of insurers worldwide.
John Harkin, Founder and CEO of Alchemy, expressed pride in the new chapter, noting that joining NTT DATA unlocks significant opportunities for international growth and deepens the company’s long-term commitment to the north-west of Ireland, where it maintains a strong presence.
Guidewire Software, a long-standing partner to both companies, welcomed the acquisition as a positive step that promises to accelerate innovation within the global insurance industry and extend the reach of transformative technology solutions to clients.
Overall, NTT DATA’s acquisition of Alchemy Technology Services positions the company to deepen its leadership in insurance technology and digital transformation, especially in specialty insurance markets that demand agility and precision within complex regulatory landscapes. The move also signals the growing importance of technology modernization in insurance, particularly with emerging demands for cloud integration, automation, and sustainable industry practices.
📌 Reference Map:
- Paragraph 1 – [1] (Albawaba), [2] (NTT DATA UK)
- Paragraph 2 – [1] (Albawaba), [5] (ITWire)
- Paragraph 3 – [1] (Albawaba), [2] (NTT DATA UK)
- Paragraph 4 – [1] (Albawaba), [3] (Alchemy News), [4] (Alchemy News)
- Paragraph 5 – [4] (Alchemy News), [6] (Alchemy Website)
- Paragraph 6 – [1] (Albawaba)
- Paragraph 7 – [1] (Albawaba), [3] (Alchemy News)
- Paragraph 8 – [1] (Albawaba), [7] (ChannelE2E)
Source: Noah Wire Services
Noah Fact Check Pro
The draft above was created using the information available at the time the story first
emerged. We’ve since applied our fact-checking process to the final narrative, based on the criteria listed
below. The results are intended to help you assess the credibility of the piece and highlight any areas that may
warrant further investigation.
Freshness check
Score:
10
Notes:
The narrative is fresh, with the earliest known publication date being October 21, 2025. The report is based on a press release, which typically warrants a high freshness score. No discrepancies in figures, dates, or quotes were found. The narrative has not appeared more than 7 days earlier. The article includes updated data and does not recycle older material.
Quotes check
Score:
10
Notes:
The direct quotes from Bruno Abril and John Harkin are unique to this narrative, with no identical matches found in earlier material. No variations in wording were noted. This suggests the content is potentially original or exclusive.
Source reliability
Score:
10
Notes:
The narrative originates from reputable organisations: NTT DATA and Alchemy Technology Services. Both companies have established public presences and legitimate websites, enhancing the credibility of the report.
Plausability check
Score:
10
Notes:
The claims about the acquisition and its strategic implications are plausible and align with the known activities of NTT DATA and Alchemy Technology Services. The narrative is consistent with the region and topic, with no inconsistencies in language or tone. The structure is focused and relevant, without excessive or off-topic detail. The tone is formal and appropriate for corporate communication.
Overall assessment
Verdict (FAIL, OPEN, PASS): PASS
Confidence (LOW, MEDIUM, HIGH): HIGH
Summary:
The narrative is fresh, original, and originates from reputable sources. The claims are plausible and consistent with the known activities of the involved companies. No significant credibility risks were identified.
