London Market’s Placing Platform, PPL, Adds P/C Lines to Growing Roster of Risks
PPL, the London market’s electronic placing platform, announced that property/casualty risks now can be bound on the platform.
The PPL platform first began trading in July 2016 with stand-alone terrorism risks. It now also writes political violence, financial and professional lines, along with marine and the latest addition of P/C lines.
“Following the successful launch of the latest release, coupled with the improvements it has delivered to users, we are delighted that we can make more classes of business available so swiftly,” said David Ledger, chairman of the PPL Board.
“The next step will be bloodstock and livestock, both of which will come on line later in November. We are signing up more users all the time and being able to provide an even wider choice of risk classes will build even greater momentum,” he added.
PPL is an initiative of the London market’s Target Operating Model (TOM), a program that aims to modernize the market and make it easier to do business in and with the London market.
Source: PPL Ltd.
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