Placing Platform Limited has signed a multi-year agreement that will enable it to integrate Microsoft’s data and AI capabilities, as well as its productivity tools, into its speciality insurance trading platform. PPL is a not-for-profit business established in 2016 to cater for the London Market.

John Mason, CEO of PPL, said: “I am hugely excited about the opportunities that this relationship brings for the London market. This is a transformational deal, and one that relies not on costly untested development processes, but the use of existing well-tested tools that almost everyone already knows how to use.”

John Neal (pictured), CEO at Lloyd’s, added: “Transitioning to a data first digital trading environment will help drive London Market growth and innovation. This partnership has the potential to accelerate and capture this opportunity.”