2026-08-06 · Source: Insurance Business UK
Summary in 3 Points • Ki has added Tokio Marine Kiln as its fifth capacity partner • Brokers can now access follow capacity from six Lloyd's syndicates via Ki • Ki's adjusted profit before tax increased by 22% in H1 2026 --- Ki, the algorithmically driven Lloyd's digital follow platform, has expanded its capacity by adding Tokio Marine Kiln as its fifth partner. This move allows brokers to access follow capacity from six Lloyd's syndicates through a single platform, enhancing efficiency in risk placement. The expansion aligns with Lloyd's efforts to reduce distribution costs amidst rising expense ratios. Ki's half-year results showed a 22% increase in adjusted profit before tax, reaching US$75.6 million, and an improved combined ratio. Despite this growth, brokers may still face competition for line capacity as risk-adjusted rates have fallen, and facility-led placements continue to expand.
Ki's expansion could influence the London insurance market by offering brokers a more streamlined way to access follow capacity, potentially reducing distribution costs. This development may encourage other capacity providers to integrate with digital platforms like Ki, rather than developing their own, aligning with Lloyd's strategic shift towards underwriting performance. However, the softening market and expanding facility-led placements may still pose challenges for brokers seeking line capacity. The London market may need to adapt to these changes, balancing the benefits of digital platforms with the pressures of a competitive environment.