Reinsurance News
London Market
Insurity & WCL partner to expand Sure Underwriting platform to the London Market
16th August 2023
Insurity, a provider of cloud-based software for insurance carriers, brokers, and MGAs, has partnered with Web Connectivity Limited (WCL), a Zywave company and provider of ACORD standards-based solutions for the commercial insurance industry. This new partnership will allow carriers, brokers, and syndicates to leverage Insurity's Sure Underwriting platform, while at the ... Read the full article
Amwins Global Risks launches Amwins Amplify alongside Beazley
19th June 2023
Amwins Global Risks, the international arm of global specialty insurance broker Amwins and one of the largest independent wholesale brokers in London has announced the launch of Amwins Amplify. This is a new automated follow-form facility led by Beazley's Smart Tracker Syndicate 5623. Amplify is led by John Andrews and Tom ... Read the full article
London market companies investing in tech show 6-point outperformance advantage: WTW
15th June 2023
According to a new analysis by the global advisory, broking and solutions company, WTW, the London Market is beginning to demonstrate tangible results on the back of technological innovations in order to position firms for long-term profitable growth. WTW conducted an analysis of 49 syndicates that make up approximately 85% of ... Read the full article
London Market fundamentals “very strong”, outlook positive: Berenberg
15th June 2023
"We struggle to identify a recent period when the fundamentals of the London Market sub-sector have been so strong, both on the asset and the liability side of the balance sheet," suggest analysts at investment bank Berenberg. Given the strong rate momentum year to date, Berenberg anticipates an improvement in London ... Read the full article
Ebix Europe launches PlacingHub following wind down of original PPL platform
15th May 2023
Ebix Europe has announced the launch of a "new and improved" electronic placing solution named PlacingHub, following the announcement that the original London market electronic placement platform PPL will end on the 31st of December, 2023. According to Ebix Europe, its new platform is developed by the London market’s most experienced ... Read the full article
Tokio Marine HCC restructures London Market teams to facilitate growth
5th May 2023
Tokio Marine HCC International (TMHCCI) has announced its London Market Marine, Energy and Renewables businesses will be brought under one operating structure which will be headed up by the recently appointed Ben Kinder. According to TMHCCI, this move will "facilitate future growth and drive greater efficiencies." Kinder, who joined TMHCCI from Zurich, ... Read the full article
PPL launches API project with Morning Data partnership
2nd May 2023
Placing Platform Limited (PPL) and Morning Data have announced that they are working together to explore how to utilise EOS Contract (CDR) Checker to accelerate PPL’s Next Gen platform’s ability to create CDRs through the placement process. The service, a headless RESTful API, uses an easy-to-implement process to consume, test and ... Read the full article
Insurity launches cloud-based underwriting software to the London market
19th April 2023
Insurity, a provider of cloud-based software for insurance carriers, brokers, and MGAs, has announced the launching of its Sure Underwriting Workbench in the London market. The software’s low code, configurable rules engine will enable London market carriers, MGAs, syndicates, and brokers to focus more on risk assessment and less on routine ... Read the full article
PPL Next Gen platform rolls out fully after successful trial
3rd April 2023
PPL Next Gen, the new version of the London insurance market’s electronic trading platform, has been opened to placements for the entire market following four weeks of limited access while market firms completed training and preparation activities. During this time, the platform was also tested to ensure any “teething issues” ... Read the full article
80% of insurers planning for significant growth within sustainable energy, Howden’s survey finds
30th March 2023
A recent survey conducted by international insurance broker Howden, shows that 80% of insurers are planning to achieve significant growth within sustainable energy throughout 2023, with an average planned GWP growth of 13% across respondents. The broker’s annual London Market Appetite Survey assesses the underwriting appetite by line of business and ... Read the full article
Lockton binds first risks on PPL Next Gen with Markel International
8th March 2023
Following the live launch of the Placing Platform Limited (PPL) Next Gen platform this week, Lockton has announced that it has bound the first risk on the platform with Markel International. The risk was placed by Lockton’s Profin team and was 100% underwritten by Duncan Sinnott of Markel International. Carl Smith, Head ... Read the full article
Liberty Specialty Markets seen as top brand in London Market
7th March 2023
Liberty Specialty Markets (LSM) has been ranked as the leading London Market insurer brand based on data compiled by Insurindex, which looked at a combination of market share and brand awareness factors. Notably, LSM climbed five places up the brand rankings from last year to take over the top spot from ... Read the full article
Gallagher Re acquires London market binder broker, Bay Risk
6th March 2023
Reinsurance broker Gallagher Re, has announced that it has acquired the business and assets of Bay Risk Services Limited, a member of the Optio Group, for an undisclosed sum. Established in 2016 as a London-based, independent Lloyd’s broker, Bay Risk specialises in structuring and placing contracts of delegated underwriting authority and, ... Read the full article
PPL Next Gen platform goes live after delays
6th March 2023
The Placing Platform Limited (PPL) Next Gen platform has gone live for the London market today following several delays to its roll-out. The platform aims to improve the original PPL single market solution for electronic placing that allows brokers and insurers to quote, negotiate and bind business electronically. Joe Gordon, CEO of ... Read the full article
LIIBA puts modernisation at centre of 2023 agenda
19th January 2023
The London and International Insurance Brokers’ Association (LIIBA) has detailed its new agenda for 2023, which centres around driving modernisation in the London insurance market. LIIBA said that brokers’ participation in the Future at Lloyd’s programme, delivering the new version of PPL and the drive to get people back into Lloyd’s ... Read the full article
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.
