Ed, the global reinsurance, wholesale and specialty broker, today announces the full integration of Ki’s algorithmic underwriting with TradEd, Ed’s etrading platform.
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 commented: “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.
Mark Allan, CEO of Ki, 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.”
For all media enquiries, please contact Peter Rigby, Caroline Klein or Hannah Stewart at Haggie Partners on +44 (0)20 7562 4444.
Ed is owned by BGC Partners Inc. (NASDAQ: BGCP), a leading global brokerage and financial technology company
Discussion of Forward-Looking Statements about BGC
Statements in this document regarding BGC that are not historical facts are "forward-looking statements" that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the effects of the COVID-19 pandemic on the Company’s business, results, financial position, liquidity and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, BGC undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see BGC’s Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.