Advertise here, Reinsurance News

Menu

Reinsurance News

Liberty launches electronic trade credit insurance trading platform

12th February 2018 - Author: Steve Evans

Liberty Specialty Markets (LSM), part of the global Liberty Mutual Insurance giant, has announced the launch of an electronic trading platform for trade credit insurance.

liberty-specialty-marketsToredo is a web-based platform that will facilitate trading in specialised trade credit insurance for banks, corporates and commodity traders.

Using Toredo, underwriters, brokers and Liberty clients will be able to buy and sell insurance capacity with greater speed, visibility and efficiency.

LSM will provide its own insurance capacity to Toredo, but said that other capacity expected to come from a soon-to-be announced consortium of underwriters.

Peter Sprent, Head of LSM’s Global Financial Risks team, commented, “Our aim in launching Toredo is to improve customer experience by making the purchase of single situation trade credit simpler, faster and more cost-effective.

“Toredo will provide real efficiency savings by giving brokers and clients greater visibility over underwriter risk appetite, capacity and pricing as well as closing transactions with much greater speed.”

LSM had previously named Chris Hall from Lloyds Banking Group as a new hire of Senior Underwriter in its Global Financial Risks team. Hall was hired to develop a new trade finance initiative, which LSM said can now be confirmed as Toredo.

Recent Reinsurance News

Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.

  • Only email is mandatory, but the more you tell us about yourself the better we can serve you in future!
  • This field is for validation purposes and should be left unchanged.

By submitting the form you are giving your consent to be emailed by us.

Read previous article:
StarStone launches crisis management team with Argo & Antares hires

International specialty insurance firm StarStone has launched a new crisis management team, thanks to the hire of three experienced underwriters...

Close