Price Forbes becomes first broker to place business through Whitespace platform
20 August 2019
Following the news that Price Forbes has partnered with Whitespace to provide electronic placing capabilities for its London business, today they announce the first successful end-to-end placement through the digital platform.
This was a Marine Hull risk which went through the platform with AXA XL, MS Amlin, Talbot Underwriting and Neon Underwriting all writing the risk electronically.
James Masterton, CEO, Price Forbes, said:
“We are delighted to be the first insurance broker to place a risk via Whitespace. The mandate in the London market has brought a digital environment to the forefront of insurance, enhanced by innovative technologies such as those deployed by Whitespace in addition to PPL. This is a very significant milestone in our digital transformation, and I look forward to watching the advances of technology evolve and strengthen our relationships with underwriters and insurers alike.”
Marcus Broome, Director, Whitespace, added:
“The placing of the first digital risk on Whitespace is the outcome of innovation and technical development in close collaboration with market firms. We are proud to add our contribution to that of others working in the sector, with a shared objective of helping the London Market achieve efficiencies while retaining the value of its trading practices. We look forward to playing an increasing role in the digital transformation of the market.”
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