The St. Paul Companies’ reinsurance unit, St. Paul Re, has joined the inreon platform, launched last December by Munich Re and Swiss Re, to offer reinsurance products on-line.
“Initially, St. Paul Re is providing capacity for European facultative property risks supported through its Brussels office, notably in Belgium, the United Kingdom, the Netherlands, France, Italy, Spain and Germany,” said the announcement.
St. Paul Re Chairman James Duffy indicated that the move would “open up new opportunities for European facultative business,” and give the company new efficiencies in e-commerce “alongside other industry leaders.”
“Through inreon, facultative reinsurance clients in Europe can now access our capacity and products through an easy, efficient and fully secure means,” stated Duffy. “It’s one more way to allow customers access to a leading and financially sound reinsurer with a strong commitment to do business on-line.”
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