QBE European Operations, Cathedral and Chaucer have signalled their backing for the Kinnect electronic platform at Lloyd's.

Kinnect said the number of businesses supporting the platform now stands at 18, with the 15 managing agents representing 60 per cent of Lloyd's capacity.

The platform has also released volume figures for the first time today.

The figures show that since May last year, when brokers Marsh and Willis began putting their North American property risks across the platform daily, Kinnect has handled more than 500 risks in that one class, representing over 1,300 signed lines and $800m (£417m) in premiums.

BSS 2024/25