Ki and Beazley Partner for Digital Follow Expansion in Lloyd’s Insurance Market

Beazley and Ki team up for long-term partnership

In an effort to expand its digital follow capacity within the Lloyd’s insurance market, Ki has formed a new partnership with Beazley. The multi-year deal will allow Ki to incorporate additional follow capacity from Beazley’s syndicate 2623/623 via its online platform. This capacity will be available across Ki’s open market business sectors, including the property, casualty, and specialty divisions.

Beazley CEO Adrian Cox expressed enthusiasm for the partnership, highlighting their eagerness to learn more about the capabilities of algorithmic underwriting for open market business. Beazley has been an early mover in the follow market for facilities and consortia via Syndicate 5623. Cox believes that automatic-follow solutions will bring efficiency to the expertise-led underwriting for which the marketplace is known.

Mark Allan, CEO of Ki, stated that the partnership with Beazley will help the firm move closer to its goal of developing an efficient digital follow market in Lloyd’s. The companies are optimistic about the potential benefits of this collaboration for their respective operations. Ki’s strategic approach to algorithmic underwriting aligns with Beazley’s goal of enhancing efficiency in insurance processes.

Recently, Ki welcomed Augusta Barton as its new Chief Commercial Officer. Barton has a wealth of industry experience, having previously held roles at Zegao Underwriting Limited and other prominent companies. The addition of Barton to Ki’s leadership team reflects the company’s commitment to innovation and growth.

Overall, Ki’s partnership with Beazley is expected to accelerate the adoption of digital follow in Lloyd’s. The companies are excited about the possibilities this collaboration presents for their respective operations and look forward to working together to further enhance efficiency in insurance processes.

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