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London Broking Firms Representing More Than 80 Percent of London Market Sign Historic Commitment to PPL Platform, Powered by Ebix

JOHNS CREEK, Ga., Sept. 25, 2015 (GLOBE NEWSWIRE) -- Ebix, Inc. (NASDAQ:EBIX), a leading international supplier of On-Demand software and E-commerce services to the insurance, financial and healthcare industries, today announced that senior executives of 16 broking firms representing more than 80 percent of business placed in the London market have made a formal commitment to electronic placement of insurance through the Placing Platform Limited (PPL) electronic placing platform, powered by Ebix's technology.

The communiqué, signed through the auspices of the London & International Insurance Brokers' Association (Liiba) board, was revealed by Steve Hearn, chairman of the London Market Group (LMG), at a market-wide forum held by the trade body yesterday, in London. An open letter signed by the executives...