Reinsurance News
Placing Platform Limited
PPL announces restructure of senior management team
31st July 2023
Following the successful launch of its Next Gen platform, and with market adoption now proceeding, Placing Platform Limited (PPL) has announced the restructure of its senior management team to support the market’s digital journey. PPL has set out its strategy for the years ahead, with a very strong focus on headless ... Read the full article
PPL experiences accelerating trend in uptake and usage of Next Gen platform
13th July 2023
Placing Platform Limited (PPL) experienced an accelerating trend in the uptake and usage of its Next Gen platform during June, with the number of risks added per week increasing by 100% in the last week of the month. In June, PPL initiated a campaign to encourage users to transition to the ... 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
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
PPL adoption continues with 250,000 firm orders bound on platform
1st July 2019
The uptake of Placing Platform Limited (PPL), the digital risk transfer platform, has continued to grow, with 250,000 firm orders bound on the platform to date, according to the London Market Group (LMG). The announcement comes three years after the launch of PPL, which forms a core component of the London ... Read the full article
PPL adoption exceeds targets at Q4 2018, reports Board
5th February 2019
The Board of Placing Platform Limited (PPL) has released new data for the fourth quarter of 2018 showing that adoption levels among both Lloyd’s syndicates and International Underwriting Association (IUW) companies exceeded targets. Syndicates accepted an average of 39% of in scope risks through electronic placement in Q4, while IUW companies ... Read the full article
London Market’s electronic placing platform exceeds Q1 targets
13th August 2018
The Board of the London Market Group's (LMG) Placing Platform Limited (PPL), an electronic placing platform created in July 2016 with the aim of increasing LMG efficiencies, has announced it's exceeded its Q1 2018 adoption targets. Syndicates accepted 16.3% of risks through electronic placement, higher than the 10% target. The highest ... Read the full article
London Market Group’s PPL goes live with A&H business
18th April 2018
The London Market Group’s Placing Platform Limited (PPL) went live with Accident & Health (A&H) classes of business on Monday April 16th, 2018, the PPL Board has announced. PPL, the London market’s electronic placing platform went live in July 2016, with the Board announcing in November 2017 that property and casualty lines of ... Read the full article
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