London-based company city3k has launched an online marketplace it says will transform the global reinsurance industry.
Named Debt Exchange, the site will have particular relevance to the Asian region, according to David James, managing director for Asia.
Debt Exchange has seen trading volume of between $250 and $300 million on a global basis since it first launched the platform in Europe and is looking to target 1-2% of Asia's risk exposure in the first 12 months, growing to 10-20% in the following 24 months.
Companies exposed to reinsurance debt risks, and those keen to take these on, can trade using a service that city3k says aims to electronically address the information...
