Operations/tech

PPL said release 2.0 of the Next Gen placing platform contains more than 100 changes including a new quote functionality.

The auctions will take place in October-November this year.

PPL is managing a market migration from the v3 platform, which is being phased out for new placements by October 1, to Next Gen.

PPL has set out how it is resolving various functionality problems raised by sources to Insurance Insider.

Gallagher Re's latest Global InsurTech report has shown that Q2 funding dropped below $1bn to the lowest quarterly investment level in three years.

Issues with faked letters of credit are not limited to one banking provider, sources said.

This publication examined how London market firms are managing post-Covid-19 working practices and found a reluctance to impose mandated office days, but increasing soft pressure to return to the City.

The Data Council has allocated roles for London market firms around data assembly and approval for open-market placement and endorsements that will underpin the Lloyd's modernisation programme.

WTW exploring reinsurance exec recruitment comes at a time of competitive tension in the market.

Richard Webb will lead the new division.

Letters from PPL's legal representatives had been issued to Ebix Europe, over the timing for the launch of Ebix Europe's new PlacingHub platform.

The firm said it will use the results of an analysis being conducted by experienced investigators to "take appropriate measures”.