Willis Re develops placement platform with TigerRisk
Broker Willis Re said on Oct. 6 that it is developing an online placement platform with broker and risk/capital management advisor TigerRisk Partners.
The platform, globalREmarket is a repository for reinsurance markets to receive offers and submissions, and to exchange information with brokers such as exposure data, analytics and terms and conditions.
Willis Re has a controlling interest in an independent, third party company – RePlace Holding – with TigerRisk Partners, which has been part of globalREmarket’s development since launch, to further develop and enhance globalREmarket.
John Cavanagh, Global CEO of Willis Re, said: “All savvy businesses in today’s world are looking to harness the technology advantage. For Willis Re, digitization of our placement process, in support of face-to-face negotiation, will create greater security, transparency and efficiency for the way we communicate with markets.
“globalREmarket absolutely presents the best technology available to do this. Once further developed, it will improve the ease, speed and quality of our reinsurance transaction processes, and enable more focus on value-add services for the benefit of markets, for our clients, and for our own business.”
Get the latest re/insurance news sent to your inbox every day - Sign up to our free email newsletters
Argo Group poaches Travelers exec as international chief underwriting officer
MS&AD reviews FY targets on potential $970m nat cat hit
Chubb makes new leadership appointments in NA major accounts
Swiss Re’s ReAssure attracts ₤800m investment from Japan
Navigators expects up to $70m pre-tax nat cat loss
Gallagher replaces UK small business and personal lines leader
Hurricane Nate threatens Central America
The Hanover expects up to $225m cat hit
Soft market to continue in 2018 despite recent nat cat events
Already registered?
Login to your account
If you don't have a login or your access has expired, you will need to purchase a subscription to gain access to this article, including all our online content.
For more information on individual annual subscriptions for full paid access and corporate subscription options please contact us.
To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.
For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk
Editor's picks
Editor's picks
More articles
Copyright © intelligentinsurer.com 2024 | Headless Content Management with Blaze