Lockton Re has announced a partnership with global reinsurer Ariel Re to facilitate placements through Lockton Re’s SAGELink API-driven electronic placement system.
SAGELink is a component of Lockton Re’s SAGE platform, an interactive application that visually demonstrates risk impacts on a portfolio, enabling clients to manage risk in real-time with greater transparency.
The SAGELink system is also part of a broader suite of solutions offered by Lockton Re’s SAGE platform. The reinsurance broker highlighted the platform as a reflection of its commitment to a “Born Digital” approach, focusing on leveraging advanced technology to optimize decision-making and provide deeper insights.
The partnership with Ariel Re aligns with this emphasis on using cutting-edge technology to enhance efficiency and value across the business.
Claude Yoder (pictured above), global head of analytics at Lockton Re, stated that the collaboration with Ariel Re integrates their capacity with Lockton Re’s SAGELink service.
According to Yoder, this integration aims to better align treaty analytics and visualization features with reinsurers' underwriting workflows, creating added value for cedents.
Ryan Mather, CEO of Ariel Re, also commented that Ariel Re supports initiatives that improve efficiency and enhance trading platforms.
He noted that this expansion into digital broking highlights the innovation and expertise of the analytics and technology teams at both Ariel Re and Lockton Re.
In other recent developments, Ariel Re and Hiscox Re & ILS have also announced the formation of CyberShock, a cyber catastrophe consortium. This new entity, touted as the first of its kind in the industry, aims to provide up to $50 million in per-program capacity to support cyber insurers globally.
CyberShock is also designed to ensure better certainty of coverage for significant cyber incidents, including service and hardware supply chain events, cyber propagation events, software supply chain disruptions, and catalytic cyber events.
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