Technology and services provider Xchanging has signed up its first client to its global reinsurance placing platform.
Reinsurance broker TigerRisk, which has an office on Bermuda, will distribute all of its deals through globalREmarket to carriers.
Xchanging said that globalREmarket delivers a simple, secure, auditable environment for the submission and review of RI risks anywhere in the world.
“globalRemarket has been designed from the ground up with the needs of brokers and carriers in mind to deliver tangible improvements to the existing process, whilst ensuring adoption is to be made easy,” said the technology provider.
Max Pell, managing director of Xchanging UK Insurance services, said: “We are delighted that TigerRisk has chosen to become our first broker partner to join this innovative solution to simplify and speed up the process of distributing reinsurance risks around the globe."
Rod Fox, chief executive officer of TigerRisk, added: “We think it’s time our industry fully embraces technological advances to deliver a better, faster product for all parties. We are excited to be working with Xchanging on the roll out of the globalREmarket platform.”
TigerRisk, Xchanging, Reinsurance, Bermuda, Max Pell, Rod Fox