Following a successful live launch on Monday, Placing Platform Limited is delighted to celebrate the binding of the first risk on the new Next Gen platform. The first risk was placed by Lockton’s Profin team; 100% underwritten by Duncan Sinnott of Markel International.

Carl Smith, Head of Europe Operations and Transformation at Lockton said: “We have been closely involved with the testing of Next Gen and were delighted to bind the first risk on the platform. Lockton was involved at an early stage as we recognise that the platform will change the dynamics of the placing process, by helping us to move to a ‘digital first’ approach to placing risks.

“Congratulations to all involved in the milestone risk placement, and particularly to everyone at PPL, who has worked hard to get the new platform live. Having now placed risks on it, we can see Next Gen is an intuitive and user-friendly platform representing a significant step change for the London insurance market.”

Carys Lawton-Bryce, Chief Operating Officer at Markel International commented: “‘As part of Markel’s drive to make it easier for our broking partners to trade with us, this year we’ve committed to taking things up a few gears when it comes to innovation. This means we’re seizing opportunities to work with pioneering companies like PPL and to get involved with progressive digital platforms like Next Gen. 

“It is great to have our very own underwriter, Duncan, as the first underwriter to place a risk on this platform. We look forward to continuing our relationship with PPL and to leveraging this platform, to make doing business with Markel a faster and better experience."

Joe Gordon, CEO of Placing Platform Limited said: “Another pleasing milestone achieved. Thank you and congratulations to Lockton and Markel International who were first out of the traps with Next Gen.”