LONDON, AUGUST 15th 2024 – Lockton Re, the reinsurance business of the world’s largest privately held independent insurance broker, is pleased to announce it has partnered with Ariel Re, a global reinsurer, to enable placements via Lockton Re’s SAGELink API driven electronic placement system.
Claude Yoder, Global Head of Analytics at Lockton Re, said: “Continuing our investment in technology and innovation, Lockton Re has worked with Ariel Re to integrate their capacity to Lockton Re’s SAGELink placement service. This will allow for better alignment of treaty analytics and visualization features with reinsurer underwriting workflow management, producing new value for cedents”.
SAGELink is part of Lockton Re’s SAGE platform, its patented interactive application that visually illustrates risk impacts on a book of business, enabling clients to better understand and manage risk in real-time with transparency.
Ryan Mather, Ariel Re’s CEO, said “Ariel Re is supportive of initiatives that bring efficiency and enhancement to trading platforms. This expansion in digital broking illustrates the innovation as well as the talented analytics and technology teams at both Ariel Re and Lockton Re.”
SAGELink is one of the many innovations that Lockton Re’s SAGE has launched as part of its patented product offering. It is testament to Lockton Re’s ‘Born Digital’ ethos which means there is a focus across the business on creating greater efficiency from cutting-edge technology in order to optimise decision-making by leveraging new technologyto yield deeper insights and overall value. Working in partnership with Ariel Re goes to the heart of this facet of the Lockton Re culture.