PowerPlace Gains More Momentum as LV= Joins Panel

Press Release 20 July 2009

LV= has joined the growing panel of PowerPlace insurers and will be launching a range of its commercial products on the new software over the coming weeks.

Mike Crane, Commercial Director at LV= said:

"We want to be part of the PowerPlace success story which is now providing brokers with the leading commercial EDI proposition in the market. We plan to make more products available throughout the year."

Mark Armitage, Managing Director of PowerPlace said:

"We're delighted to welcome LV= onto our panel of insurers.  More insurers and products are about to be announced which is testament to the success and rapid growth of our business".

PowerPlace is currently used by over 300 brokers operating off the Open GI platform who now have access to 31 live insurer products. Today's announcement means that PowerPlace is now backed by seven leading insurance providers including LV=, NIG, Zurich, Groupama, Fortis, MMA Insurance and Towergate Underwriting.

About PowerPlace:

PowerPlace works in conjunction with the Open GI platform and is a full cycle solution that offers brokers the opportunity to obtain competitive quotations from a panel of insurers within just a few minutes whilst eliminating the need to re-key any information.  More information available via www.powerplace.co.uk.