RI3K has announced the extension of its system to allow facultative business to be traded via its electronic reinsurance hub.
The system will handle all classes of facultative business, it said.
The first facultative trades expected to be placed on the system are international property and marine and US life retrocession business, a statement said.
RI3K chief executive Alex Letts said the platform was supporting the market in achieving contract certainty by keeping an electronic record of all deals between the buyer, broker and reinsurer.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
