Lloyd’s of London strides forward with electronic placement progress


Lloyd’s of London has rolled out a new application programme interface (API) designed to enable the “frictionless” flow of electronic placement data for submissions and quotes between carriers and brokers using PPL (Placing Platform Limited) or any other proprietary platform.

The centuries-old insurance marketplace said the move is part of the Future at Lloyd’s work on developing the next generation of PPL. Available immediately, the new API was developed by Lloyd’s in collaboration with PPL and LIMOSS (London Insurance Market Operations & Strategic Sourcing) as well as several other brokers and underwriters.

The first to adopt the technology is Atrium

Read More

NFL owners approve exclusive renewal with Electronic Arts


Patrick Mahomes #15 of the Kansas City Chiefs looks to pass against the San Francisco 49ers in Super Bowl LIV at Hard Rock Stadium on February 02, 2020 in Miami, Florida.

Focus On Sport | Getty Images

National Football League team owners have renewed the NFL’s exclusive video gaming rights with Electronic Arts and eased restrictions on how many games CBS and Fox can broadcast on Sundays.

Terms of the multiyear agreement with EA Sports, which produces the popular Madden NFL football series, were not announced. 

Brian Rolapp, NFL executive vice president and chief media and business officer, said Thursday

Read More

Oil futures open lower in electronic trading


FILE PHOTO: An oil pump jack pumps oil in a field near Calgary, Alberta, Canada on July 21, 2014. REUTERS/Todd Korol

NEW YORK (Reuters) – U.S. oil futures dipped in electronic trading Sunday evening, extending losses from last week that marked the eighth week of losses out of the last nine.

Trading was extremely volatile last week, in an extension of the selling that has dominated trading since early March as demand collapsed 30% due to the pandemic. Global production cuts have not kept pace with the collapse in demand.

U.S. West Texas Intermediate CLc1 futures were down 32 cents

Read More