Brit’s Ki expand digital follow capacity with Travelers and Aspen

Brit’s algorithmically-driven, follow-only Lloyd’s syndicate  Ki has secured commitments of additional follow capacity from Travelers and Aspen through its digital platform from 1 January 2024.

The capacity will be available across Ki’s open market classes of business in the property, casualty and specialty divisions.

The multi-year agreement with Travelers and Aspen, alongside Ki’s own growth plans for Syndicate 1618, will see Ki materially increase the follow capacity it is able to offer from 1 January 2024, subject to Lloyd’s approval.

Additionally, the partnerships will make Ki the first algorithmic underwriter in the market to offer additional capacity from multiple syndicates.

Since its launch in 2020, Ki has expanded its capacity and line size each year. The new partnership capacity being added in 2024 will further enhance its proposition.

Mark Allan, CEO of Ki, said: “We are delighted to be launching these ground-breaking partnerships to accelerate the adoption of digital follow in the Lloyd’s market. As a result, Ki will significantly expand the follow capacity available through algorithmic underwriting, marking a major step towards a fully digital follow market. We are pleased to partner with Travelers and Aspen, two leading companies in our sector, who share our vision of a more efficient follow market and we look forward to working closely with them as long-term partners.”

Matthew Wilson, CEO of Travelers Europe, said: “Innovation and digitisation are significant drivers for the continued evolution of the insurance industry. We are pleased to partner with Ki on this opportunity as their platform creates efficiencies for an important segment of the London insurance market and provides a better experience for brokers, customers and carriers.”

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