London Market’s electronic placing exceeds Q1 targets
Tuesday, 08 14 2018, Category: Technology, Country: United Kingdom
The Board of the London Market Group’s (LMG) Placing Platform Limited (PPL), an electronic placing platform created in July 2016 with the aim of increasing LMG efficiencies, has announced it’s exceeded its Q1 2018 adoption targets.
Syndicates accepted 16.3% of risks through electronic placement, higher than the 10% target. The highest level of adoption for a syndicate was 54% of all in scope risks, while 24% did not reach the target and 13% reported that they had no in scope risks during the period.