The website, Netrocession.com aims to assist the retrocession market in matching up companies’ risk appetites and identifying appropriate brokers to facilitate greater efficiency in retrocession trading.

“I think the timing is right for launching Netrocession, there is plenty of activity in the retrocession market and I believe practitioners are ready for utilising web technologies in a commercial environment.” said Mat Maddocks.  “It’s an idea I’ve had for a couple of years.”

The Netrocession.com website, which is a free service for companies that are authorised to underwrite or buy retrocession, allows users to enter as much or as little information about their risk appetite as they are comfortable with.  “The important thing for me is that the site is easy to use and gives flexibility to the user so that the Netrocession experience can be tailored to how they like to do business, and how much information they wish to disclose.  Ultimately, of course, the more complete and detailed a user’s risks profile, the more likely they are to find their ideal partner to trade risk with.” commented Mr Maddocks.

Netrocession.com will undergo user testing with a small group of early adopters for two months prior to going live this month.