Ed Bermuda launches digital client portal

Ed, the global reinsurance, wholesale and specialty broker, today announces that its Bermuda operation has developed a new front-end client portal, and within which has launched a digital wage & hour product, in conjunction with Argo Group.

Wage & hour offers protection to U.S. insureds and the new portal introduces a new, technology driven route to market, reforming a manual and paper-driven process. Clients are able to enter data on to the portal, enabling the flow of information to Carriers via Ed’s proprietary trading platform, TradEd.

Wage & hour liability insurance is handled within the Bermuda marketplace; Argo has been at the forefront of innovation in this space. The data first process will streamline the process for Clients and create efficiencies through the process enhancing the client experience overall.

Colin Kelley, Head of Liability Ed Broking Bermuda, commented: “The application of technology is an important component of Ed’s offering in Bermuda. Wage & hour processes were ready for modernisation. This new portal will provide benefits to clients and industry participants alike as we improve productivity in the insurance process. We are delighted to have collaborated with Argo on this step forward.” 

Kimberly Lewis, VP – Professional Lines Insurance at Argo said: “After recognizing an unmet need in the U.S. small to medium-size enterprise (SME) market, Argo launched its stand-alone wage and hour product in 2017. Argo’s Middle Market Wage & Hour Product focuses on companies with 10k or fewer employees from any industry segment or U.S. state.  We are able to offer lower retentions to this class of customers.”  

Michael Butler, SVP – Professional Lines at Argo remarked: “Innovation is a core component of the culture at Argo Group. We are very pleased to partner with Ed Broking Bermuda and their TradEd platform so that our innovative Wage & Hour product and underwriting process can further evolve to our targeted class of business.” 

 

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About Ed
Ed is owned by The Ardonagh Group, the largest independent insurance broker in the UK.

Ardonagh Specialty

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.