Ebix, Inc. (EBIX) Social Stream
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$EBIX Lloyd’s of London Ditches Plan to Create its Own Electronic ExchangesValueTrapeze, published November 23, 2020
"Lloyd’s no longer plans to launch its own complex risk exchange but will work with existing platforms already used by the market, such as PPL, to improve digitalisation. Lloyd’s bought a 40% stake in PPL this year."
Seems this development might be good for Ebix, considering that another vendor, CGI, was rumored to be the frontrunner to build the next generation complex risk platform, and Ebix's contract was set to expire in 2021. All that's been scrapped now.
We'll have to keep an eye on PPL to see if Ebix stays involved with it after next year.
Possibly related, on the last conference call RR said: " In 2021, contractually, we are expecting to see a 20% increase in U.K. revenues."
It sounds like Ebix negotiated for a 20% increase in its PPL fees as that is the main revenue component in the UK. Nice.