The world's leading broker and risk advisor, Marsh, has today announced plans for rollout of the next phase of its digital trading initiative for risks placed in the London market.

The rollout will be delivered through Whitespace, following a successful pilot in 2023 with over $400 million of premium traded. This year, Marsh is expanding its use of digital trading across UK Specialty and international placement and predicts that over 90% of client premium in the segment will go through the platform by the end of 2024. 

By prioritising data first, Marsh is paving the way for its clients and unlocking transformational benefits across the insurance ecosystem as a whole.

Tim Rayner, CEO at Verisk Specialty Business Solutions, commented: "Our collaboration thus far with Marsh has led to meaningful improvements to the platform, benefiting the London insurance market. As we continue to scale the platform, we expect the arguments for a fully data-first marketplace to become increasingly compelling.”