AdvertisementAdvertisementBusiness20 Oct 2026 12:59AM (Updated: 20 Oct 2026 01:30AM) Bookmark Bookmark WhatsApp Telegram Facebook Twitter Email LinkedInAdd CNA as a trusted source to help Google better understand and surface our content in search results.Read a summary of this article on FAST.Get bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST NEW YORK, Oct 19 : IT services company DXC Technology is in advanced talks to sell its insurance software and services division to private investment firm Eldridge Industries for about $2.4 billion, according to people familiar with the matter.Eldridge is discussing combining the business with Zinnia, its insurance technology platform that provides software and digital infrastructure to life insurance and annuity providers, the sources said.An agreement could be reached in the coming weeks, although there is no certainty a deal will be finalized, the people said, requesting anonymity because the discussions are confidential.DXC Technology, Eldridge and Zinnia did not immediately respond to requests for comment.Show MoreShow LessThe transaction would mark a significant divestiture for DXC as the information technology services provider seeks to streamline its portfolio after several years of declining revenue. The sale would allow DXC to exit a business that provides technology and outsourcing services to insurers globally, helping the IT services provider streamline its operations after several years of declining revenue. Its insurance division offers policy administration systems and other software and business process services to insurers across life, wealth, property and casualty markets. For Eldridge, a transaction would combine Zinnia's life and annuity technology platform with DXC Technology's insurance software and business-process services operations, creating a scaled provider of software, administration and servicing technology for insurers.Source: ReutersNewsletterWeek in ReviewSubscribe to our Chief Editor’s Week in ReviewOur chief editor shares analysis and picks of the week's biggest news every Saturday.Sign up for our newslettersGet our pick of top stories and thought-provoking articles in your inboxSubscribe hereGet the CNA appStay updated with notifications for breaking news and our best storiesDownload hereGet WhatsApp alertsJoin our channel for the top reads for the day on your preferred chat appJoin hereAlso worth readingContent is loading...Expand to read the full storyGet bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST