Market first for Brit Insurance
First two way contractual agreement via the Lloyd’s Exchange platform
The endorsement agreement, the first to use two way electronic messaging via the LEX, was achieved earlier this month between Sarah Mack, of Miller Insurance Services Limited (Miller) and Brit Insurance energy underwriter Sara Valentine.
From early 2010, the LEX will also validate the content of messages to ensure they are 100% compliant with agreed standards, thus avoiding the need for technical queries between underwriters and brokers.
Brit Insurance has been developing e-placement support for
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