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.”
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Ed is owned by The Ardonagh Group, the largest independent insurance broker in the UK.
Ardonagh Specialty is the holding company and growth platform for leading independent brokers Besso Insurance, Bishopsgate, Compass London Markets, Ed Broking, Inver Re, Piiq Risk Partners and Price Forbes. Combined, we have 1700 colleagues globally and manage $5 billion in gross written premium.
With a strong presence and deep relationships worldwide, and a steadfast commitment to investing in the best people, markets and technology, together our businesses offer open market programmes, reinsurance and international solutions designed to empower clients to achieve their strategic ambition.
The Ardonagh Group
The Ardonagh Group is the UK’s largest independent insurance distribution platform and a top 20 broker globally. We are collection of best-in-class entrepreneurial and specialist brands with a network of more than 100 locations and a combined workforce of more than 8,000 people. Across our portfolio, we offer a highly diversified range of insurance-related products and services across the full insurance value chain in the UK, Ireland and broader international markets. From complex multinational corporations to individuals purchasing personal insurance policies, our understanding of the communities we serve, together with our scale and breadth, allows us to work with our insurer partners to deliver a broad range of product and risk solutions that meet customer needs. For more information, visit our website: www.ardonagh.com.