Riskbook, a hyperconnected two-sided reinsurance marketplace, has rebranded as Supercede.

The company has also launched a data-driven global trading platform specifically for the reinsurance sector with the same name.

The platform, equipped with analytics services, seeks to offer the reinsurers with increased access to risks and data and brokers with a better placement process. It will also benefit the cedents by enhancing their submission quality.

Riskbook was formed in 2019 by Jerad Leigh, Ben Rose and Jezen Thomas. Around four months ago, the business secured £2m investment to support the development of the platform.

Supercede CEO Jerad Leigh said: “With a background in the business, we’ve seen first-hand how frustrating and time consuming some reinsurance processes can be.

“For instance, data submissions are a hugely complex and time-consuming process for cedents, while brokers spend too much time on compiling data rather than doing the deal, and reinsurers have to wait passively for ‘friendly brokers’ to bring them the best business.”

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Supercede President Ben Rose said: “Supercede is changing reinsurance for good. Our global platform was created in collaboration with the reinsurance community, working hand-in-hand with cedents, brokers, and reinsurers, so we know that it addresses their issues and enables them to focus on opening doors and closing deals with a wider global network, using actuarial-grade, single entry reinsurance data.”