2009-08-14

By Editor, CIR

Miller and Aspen Re have become the first to send a live message across the new Lloyd's Exchange. The energy quotation request used the ACORD data standards.

Sue Langley, Lloyd's director, Market Operations and North America, said: "We have come to the end of the first trial, and we're delighted that the participants are now starting to use the Lloyd's Exchange. Going forward, the next three trials will identify any issues that participants may have, improve processes and ensure that more market organisations can participate."

Ben Snape, eCommerce programme manager at Aspen Re, added: "This is an important step forward. The Lloyd's Exchange makes it easier for brokers and carriers to connect to each other and provides a solid basis on which to expand relationships between business partners over the coming months."

Several more underwriters and brokers are expected to send messages shortly, with the second pilot phase already underway.

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