NTT DATA, a leader in AI, digital business, and technology services, announced the acquisition of Alchemy Technology Services, a specialist insurance technology consultancy. The move strengthens NTT DATA’s position as a global partner for insurance modernization and innovation, particularly in addressing the complex needs of specialty markets such as the London Market, the world’s largest (re)insurance subscription marketplace.
The acquisition supports NTT DATA’s broader strategy to lead the digital reinvention of the global insurance industry, which is projected to reach $230.7 billion in IT spending this year. Combining Alchemy’s deep industry knowledge with NTT DATA’s international reach and scale, the partnership is designed to help insurers accelerate transformation with agility, scalability, and technological sophistication.
With a network of more than 15,000 insurance specialists across 26 countries and over 300 global clients, including six of the world’s top ten insurers by revenue, NTT DATA already holds a commanding presence in the sector. The addition of Alchemy expands the company’s capabilities in core system implementation, digital transformation, testing, and application management, while deepening its expertise across the insurance lifecycle.
Founded in 2018, Alchemy Technology Services has quickly built a reputation as a leading consultancy for insurance technology solutions, specializing in the implementation and optimization of Guidewire Software platforms. The company also brings recognized strength in regulated, complex insurance environments and has trained more than 200 professionals through its pioneering in-house academy program.
Under NTT DATA, Alchemy will serve as a Global Centre of Excellence for insurance transformation, shaping and delivering large-scale modernization programs for insurers worldwide. Its unique delivery and training model will be expanded internationally to upskill new teams and support talent development in other global markets.
The integration of Alchemy’s expertise will enable NTT DATA to deliver smarter, more connected, and data-driven insurance solutions. The companies plan to co-innovate around AI, automation, sustainability, and next-generation insurance products—ushering in a new era of intelligent, resilient insurance infrastructure.
The acquisition will also strengthen NTT DATA’s presence in the UK and Ireland, enhancing local delivery capabilities while leveraging Alchemy’s established reputation for excellence in training and talent development. Both organizations emphasized a shared commitment to collaboration, transparency, and innovation throughout the integration process.
KEY QUOTES:
“Joining forces with Alchemy enhances our ability to accelerate digital transformation in the insurance industry, reinforcing our strategic growth ambitions and the vast opportunities we see ahead. IT modernization in P&C insurance is not a fleeting trend—it’s a core market priority attracting sustained investment. Together, we are uniquely positioned to lead this transformation. This acquisition is a natural evolution of our shared vision, complementary capabilities and aligned values, empowering us to deliver smarter, scalable solutions that meet the evolving needs of insurers worldwide.”
Bruno Abril, Global Lead, Insurance Industry, NTT DATA, Inc.
“This is a proud and exciting moment for our team, our clients, and the wider region. Becoming part of NTT DATA unlocks extraordinary opportunities, not just for international growth, but for expanding the reach and impact of the work we do. As someone deeply committed to the north-west of Ireland, I’m especially proud that this move allows us to reaffirm and strengthen our long-term commitment to the area.”
John Harkin, Founder and Chief Executive Officer, Alchemy Technology Services
“We are delighted to hear the news of Alchemy’s acquisition by NTT DATA. This marks an exciting milestone, which we believe will open even greater opportunities to transform the global insurance industry. As a longstanding partner, we look forward to continuing to work together to deliver innovative solutions and even greater value for clients.”
Will McAllister, Senior Vice President and Managing Director, EMEA, Guidewire Software
