Press Releases

RI3K has announced that brokers and carriers will soon be able to use the RI3K electronic trading service to transact endorsements on a contract which has been placed by traditional paper methods.

Electronic trading platform RI3K has launched a free-to-use ACORD data and documents messaging
service.

Following last year’s unprecedented six ACORD Awards, the electronic trading service RI3K has won three more this year making a total of 13 awards to date.

Responding to market criticisms over its pricing, electronic trading service RI3K is publishing a simplified pricing tariff. Carriers will now be able to select one from a menu of three clear options for using the service.

Hamilton, Bermuda: At the 21st Bermuda Reinsurance Congress today, business process outsourcing company Xchanging and paperless trading service RI3K reveal plans for a dedicated Bermuda market utility.

London: London, 20th September 2007: The paperless trading service RI3K has announced that its service with Aon has now been extended to include the specialty and direct divisions as well as treaty reinsurance.

RI3K announces today the completion of its new message service for the insurance and reinsurance industry. The service has undergone significant trials to ensure that it is scalable, secure and fit for purpose.

London: RI3K has won six awards at the recent 2007 ACORD Awards ceremony in Lake Buena Vista, Florida

London: IPGL Limited, a private holding company of which Michael Spencer, Group Chief Executive of ICAP plc is the major shareholder, has acquired a stake in the internet insurance trading service RI3K, from Brit Insurance Holdings.

Monte Carlo: The electronic trading service RI3K today announces a revolutionary new version of its trading system. Named “V3″, the new system will be rolled out in the run-up to renewals to replace the existing RI3K platform.

London: Due to a dramatically changed landscape, RI3K has announced an 80% price cut for underwriters using its electronic marketplace.

At the ACORD Conference in Las Vegas last week, RI3K’s Chief Executive Alex Letts introduced FELIX - the Framework for the Electronic London Insurance eXchange.

RI3K today announces that it will demonstrate its Commercial Insurance electronic trading service by the end November 2005 for International Property, North American Property and Terrorism classes of business.

Monte Carlo: Xchanging and RI3K have announced an initiative to allow early checking of contracts on-line.