Belgian marine market launches on Whitespace

Whitespace has signed up 13 members of the Belgian marine market to the Whitespace Platform. Migration to the digital trading platform has been taking place throughout June, ensuring the market can phase rollout this month.

New broker members include HAVRICO, Vanbreda, Concordia, Orbis and Willis Towers Watson; while underwriter members include Verheyen/Axa, Baloise, Allianz, HDI, Chubb, AMICA, MS Amlin and CNA Hardy.

Marcus Broome, chief platform officer at Whitespace, said: “Digital placement has seen significant growth over the past year and at Whitespace we are seeing firms ramping up their abilities globally. This move by the Belgian marine market is a clear acceleration of this trend. We’re excited to support the Belgian marine market through this important collaboration with ABAM BVT."

Laurent Verheyen (pictured), CEO of Verheyen, the Axa-authorised underwriter responsible for marine insurance in Belgium, added: “Adopting the Whitespace Platform collectively enables us to offer our market a transparent and efficient tool that allows our teams to increase digital trading capacity in a straightforward and streamlined way. This is a huge opportunity for the Belgian market to strengthen its international footprint thanks to our presence on this platform. We are extremely pleased to begin trading on the platform and to continue working with the Whitespace team to offer the best, most up-to-date service to the Belgian marine insurance market.”

    Share Story:


Cyber risk in the transportation industry
The connected nature of the transport and logistics industries makes them an attractive target for hackers, with potentially disruptive and costly consequences. Between June 2020 and June 2021, the transportation industry saw an 186% increase in weekly ransomware attacks. At the same time, regulations and cyber security standards are lacking – creating weak postures across the board. This podcast explores the key risks. Published April 2022.

Political risk: A fresh perspective
CIR’s editor, Deborah Ritchie speaks with head of PCS at Verisk, Tom Johansmeyer about the confluence of political, nat cat and pandemic risks in a world that is becoming an increasingly risky place in which to do business. Published February 2022.