Managing agent St Paul Travelers has agreed to join to the Kinnect platform and...
Managing agent St Paul Travelers has agreed to join the Kinnect platform and will sign contracts in the next few days.
Kinnect allows brokers and underwriters to exchange risk data and wordings.
This brings the total number of businesses backing the platform up to 19 – including eight of Lloyd's 10 largest managing agents. The underwriters supporting the platform now represent more than 60% of capacity at Lloyd's.
At the start of June, Kinnect announced that QBE European Operations – including Lloyd's largest managing agent Limit and its company market operations – and managing agent Cathedral were backing the platform, with Chaucer also committing its support.
Kinnect chief executive Toby Davies said: “Kinnect has become the platform of choice for the market. We are delighted with the wealth of support it is getting. Our customer base has more than doubled this year alone, and as we continue to develop this level of market support is crucial.”