Another Bermudian re/insurer signs up for Ed’s etrading platform TradEd

Ed, the global reinsurance, wholesale and specialty broker, has signed up a major Bermuda-based re/insurer to TradEd, its etrading platform.

Ascot Bermuda has signed up for TradeEd, enables it to view submissions and associated risk details, make queries, see material information updates in real time and edit deal documents online. The platform also allows its users to update underlying data models, and quote / reject / offer / negotiate and bind electronically.

The portal launched for carriers and clients in April 2020.

Chris Bonard, chief executive officer (CEO) of Ed Bermuda, said clients have reacted enthusiastically to the new platform. “It has been growing steadily since its external launch and we continue to make great strides in its development, fundamentally changing the way we and our clients think about placing risk,” he said.

Ian Thompson, CEO of Ascot Bermuda, added: “Ed are one of our key trading partners here in Bermuda and we’re pleased to deepen this relationship with the use of technology as we both grow our Bermudian operations in a thoughtful manner.”