A generation of change in a blink of an eye

If you had slipped off on that long promised, well-earned 12 month sabbatical, you would, quite naturally, expect to come back to a business that had changed. New faces, new products, new ideas, new acronyms. New catastrophes, new capital, new start-ups and new scandals. But one thing you could always comfortably expect to remain unchanged is progress towards electronic trading - perhaps it would have inched forwards, but barley even noticeably. But such have been the radical events that have reconfigured the market landscape in respect of electronic business over the last year, says Alex Letts, chief executive of reinsurance platform RI3K, that if your sabbatical had been from Monte Carlo 2005 to this year, you might think that you had been away for a generation.