Documents Service, which provides for electronic distribution of submissions and attachments from international brokers to Bermuda reinsurers over a secure private network.

The BSX, Internet service provider Logic Communications and the Bermuda insurance industry are partners in the venture that will put Bermuda companies on a level playing field when competing with their US counterparts for business.

At present, brokers have to courier in comprehensive documents that take two or three days to reach Bermuda reinsurers. In future, the bids will be made available electronically on-line, immediately.