Market modernisation
News, insight and comment on how the re/insurance market is changing for the future.
Consultation reveals positive response to Data Council's PRR proposals
Process, roles and responsibilities consultation finds ‘no fundamental disagreement’ with any of the proposals to support market’s digitalisation, but ‘further clarification’ advised on some elements
PPL to decommission Ebix system
The London market electronic placing provider has urged users of PPL v3 to speed up their transition to NextGen
Aon launches on PPL NextGen
Broker onboards staff across its marine, financial and professional services and natural resources and construction teams
Gallagher's Williams-Walker named Data Council technical group chair
Williams-Walker replaces Inver Re’s Jonathan Prinn on key group driving the digitalisation of the London market
PPL launches API project with Morning Data
Project uses an API to create a Core Data Record that aligns with the work of the London market’s Data Council
WTW commences digital trading with Zurich
Broker places first digital submission with Zurich Commercial UK for multinational property insurance
PPL NextGen opened to whole of Lloyd’s market
Brokers are being encouraged to cut over to the new platform as soon as practically possible
Data Council approves new versions of Core Data Record and Market Reform Contract
Publication is 'another important milestone' in the London market's digital transformation, Data Council chair, Sheila Cameron, says
Lloyd's appoints James chief operations officer
Corporation promotes market transformation director Bob James as it looks to align the Blueprint Two reform programme with the wider operations function
Lockton binds first risk on PPL NextGen
The risk was placed by the broker’s professional and financial risks team and was underwritten by Markel International
PPL plans ‘two-track’ approach to NextGen enhancements
Enhancements will begin in the ‘next few weeks’ in response to user feedback, chief executive tells Insurance Day, as NextGen platform launches following delays
Ariel Re taps London Bridge in $270m capital raise
The re/insurer is the first to use Lloyd’s London Bridge 2 institutional investor vehicle as it raises funds to support growth in 2023
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