Ardonagh Specialty moves all lines of business to Whitespace Platform

Whitespace, the fully digital e-trading platform (a Verisk company), and Ardonagh Specialty, the largest independent specialty broker in the London market, today announce that Price Forbes* has dramatically widened its adoption of the Whitespace Platform. All lines of business will now start their placements from data-first templates on Whitespace, with API integration being delivered throughout 2024.

Since the launch of Whitespace in 2019, it has been a key digital placement tool for Price Forbes. With this latest partnership, it now joins an increasing number of firms who are adopting Whitespace’s innovative platform across all lines of business, embracing the data-first approach, and benefitting from the ability to offer, negotiate, place and bind (re)insurance contracts in a truly digital form, with the resulting efficiencies being substantial.

Laurence King, chief digital officer at Ardonagh Specialty, commented: “We believe this commitment to a data-first approach with Whitespace allows us to deliver true digital transformation. By moving away from document-centric processes and adopting the Whitespace platform for all lines of business, we are demonstrating our commitment to providing best in class coverage for our clients, enhanced underwriting data for our markets and a significantly streamlined placement journey for our people. All our stakeholders will benefit from both the quality and quantity of data available. In 2019 Price Forbes placed the first risk on the Whitespace platform, and we now look forward to further developing our partnership with Whitespace, and exploring all aspects of digital trading with them.”

Marcus Broome, chief platform officer at Whitespace, said: “Ardonagh Specialty’s decision to migrate all lines of business onto the platform is a testament to the power of our data-first model and a significant step for the market. They are already placing large volumes of contracts on the platform, with a substantial migration of teams from October 2023 onwards, and Whitespace is a key component to its end-to-end strategy. We are delighted to support Ardonagh and continue our strong relationship with them.”

 

About Ardonagh Specialty:

Ardonagh Specialty is the holding company and growth platform for leading independent brokers Bishopsgate, Inver Re and Price Forbes. Combined, we have 1400 colleagues globally and manage over $6 billion in gross written premium. With a strong presence and deep relationships worldwide, and a steadfast commitment to investing in the best people, markets and technology, together our businesses offer open market programmes, reinsurance and international solutions designed to empower clients to achieve their strategic ambition.