Underwriting integration with etrading platform
Ed, the global reinsurance, wholesale and specialty broker with an office in Bermuda, has announced the full integration of Ki’s algorithmic underwriting with TradEd, the company’s etrading platform available in Bermuda.
Ed is owned by NASDAQ-listed BGC Partners Inc., a leading global brokerage and financial technology company.
The integration of Ed and Ki’s platforms introduces seamless access to Ki’s follow-only capacity, enabling brokers to quote and bind risks without leaving Ed’s system – accelerating broker and client access to capital, streamlining the placement process and removing the need to re-key information into the multiple platforms.
Jonathan Prinn, chief digital officer, BGC’s insurance businesses, said: “This is an exciting development, in line with Lloyd’s Blueprint Two vision, and one we are pleased to be collaborating with Ki to achieve.
“TradEd’s data capturing capabilities puts Ed in the ideal position of being able to take full advantage of Ki’s digital and algorithmically-driven platform.”
Ki CEO Mark Allan, said: “We’re pleased to have successfully integrated with TradEd who share our vision for a digital and data-driven marketplace.
“Integrating with our broker partners is an important strategic priority for Ki and supports our goal of delivering a seamless placement journey while also enabling more efficient access to capacity for clients.”
As a part of the insurance operations of BGC Partners, Ed is set to join The Ardonagh Group as part of the BGC acquisition.
The Ardonagh Group is the United Kingdom’s largest independent broking group and a top 20 broker globally.