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BMS features in Financial Times Insurance Special

Diversity is best:

Carl Beardmore’s comments on the rationale and overall need for varying sizes of broking companies were included in Paul J Davies’ article: ‘Brokers seek to diversify and offset hard times’. Carl commented on how people prefer to spread their exposures and not ‘put all their eggs in one basket’. The general feedback that the BMS CEO has been receiving in the market is that clients welcome competition and that bigger is not necessarily better for them or the market itself. With increased competition the clients are the beneficiaries, with offerings that are honed to meet their needs and ensuring brokers give them the best possible service for their money.

iPad Project:

Sharlene Goff focused her article on the Lloyd’s iPad project and she noted how the technology was a tool to enhance the tradition of face-to-face broking within Lloyd’s, rather than the death knoll to tradition that some fear it might be. BMS’ innovative role in the first-ever fully-electronic placement at Lloyd’s, in January 2011, was highlighted as an example of how far the industry has come in its relationship with technology. Steve Knight, Director – BMS Direct & Facultative, commented in the article that electronic placing makes the whole process of placing a contract ‘exponentially more efficient.’

To read  more please go to the Financial Times website, click here:

Fully-placed contract made via iPad at Lloyd’s market using Qatarlyst’s RI3K platform

BMS featured in Middle East Insurance Review after RI3K iPad placing platform.

Visit the Middle East Insurance Review website for the full article

LMG Newsletter – March 2011

This month’s LMG newsletter features in its main article a look at the approach to broking BMS have introduced using the iPad.

Visit the LMG website for the full article

London Market Maintains Tradition With First Fully Electronic Property Placement

BMS features in an article in the National Underwriter P&C, debating the positive impacts of the BMS iPad initiative…

Visit the National Underwriter / propertycasualty360.com website for the full article

iPad makes history in Lloyd’s

iPad takes its place in the London insurance market via BMS.

Visit the Insurance Times website for the full article

BMS champions first-ever fully electronic placement via iPad at Lloyd’s market

Steve Knight, BMS Direct & Facultative Director and Adrian Hicks, Broker, walked into Lloyd’s, met with Catlin Syndicate’s Michael Davern at their box and within minutes had created, refined and placed a contract using the RI3K platform on his iPad – face to face broking in the simplest and most efficient form possible.

BMS has been working with Lloyd’s on its iPad initiative, alongside RI3K – the paperless trading service for the insurance and reinsurance industry – to integrate the implementation of the new technology within the London market.  BMS are leading the way with their use of RI3K, the iPad and the London Exchange to establish the ideal electronic trading platform for the London market.

Steve Knight said: “At BMS, we realised that the introduction of the iPad would allow us to maintain the hugely important tradition of face to face contact in the London market. There was a concern that this would be lost with increased use of electronic placing. Now we have the initiative and tools which mean we can retain the contact whilst making the whole process exponentially more efficient.

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First-ever fully electronic placement via iPad at Lloyd’s market

The placement of the first electronic, fully-placed contract via iPad as well as the Message Exchange took place today marking another step forward in the fast-paced technological advancements in the London Market.

Steve Knight, BMS Direct & Facultative Director walked into Lloyd’s today, 17th January, met with Catlin Syndicate’s Michael Davern at their box and within minutes had refined and placed a contract using the RI3K platform on his iPad – face to face broking in the simplest and most efficient form possible.

Leading independent broker BMS has been working with Lloyd’s on its iPad initiative, alongside the Qatarlyst owned RI3K, to integrate the implementation of the new technology within the London market. BMS are using RI3K, the iPad and the Exchange to establish the ideal electronic trading platform for the London market.

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BMS & Catlin Secure first iPad deal

The placement of the first fully-electronic, contract via iPad took place today between Reinsurance broker BMS and Catlin underwriting.

Visit the Insurance Day website for the full article