Six gongs at ACORD awards

Trading platform RI3K has won six awards at the recent 2007 ACORD Awards ceremony in Lake Buena Vista, Florida. These included:

• International Implementation Award

• ACORD Innovative Implementation Award

• Industry Leadership for Straight Through Processing Award

• Shared Service and/or Infrastructure Platform, Middleware Award

• Web Services

“RI3K has always worked closely with ACORD to create and implement the standards, but now increasingly RI3K is becoming recognised for its role in standardising the industry,” said Alex Letts, RI3K’s Chief Executive. “Standardised process and protocols are levers for change, and RI3K is pulling hard on those levers,” he added.

The ACORD awards follow recent announcements RI3K has signed a long-term contract to provide paperless trading to Lloyd’s of London, after a successful implementation for the new Lloyd's China venture based in Shanghai, and that US broker Aon, the world’s largest insurance intermediary, has contracted with RI3K to trade from London.