The Board of PPL Ltd, a core component of the London Market Target Operating Model, has announced that property and casualty lines of re/insurance business are now live on its electronic placement platform.
The move means that the area of London market insurance and reinsurance business with the greatest volumes can now be transacted with the help of the PPL platform.
The organisation said that this is a “significant addition” to the suite of risk classes already available to brokers and underwriters through the platform.
David Ledger, Chairman of the PPL Board, commented, “Following the successful launch of the latest release, coupled with the improvements it has delivered to users, we are delighted that we can make more classes of business available so swiftly. The next step will be bloodstock and livestock, both of which will come on line later in November. We are signing up more users all the time and being able to provide an even wider choice of risk classes will build even greater momentum.”