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Market modernisation

News, insight and comment on how the re/insurance market is changing for the future.

Market Modernisation

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

London Market Modernisation

PPL to decommission Ebix system

The London market electronic placing provider has urged users of PPL v3 to speed up their transition to NextGen

London Lloyds

Aon launches on PPL NextGen

Broker onboards staff across its marine, financial and professional services and natural resources and construction teams

London Aon

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

London Market Modernisation

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

London Lloyds

WTW commences digital trading with Zurich

Broker places first digital submission with Zurich Commercial UK for multinational property insurance

United Kingdom Willis Towers Watson

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

London Lloyds

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

London Lloyds

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 

Lloyds Market Modernisation

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

London Markel

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

London Market Modernisation

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

London Lloyds
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