Reinsurance intermediary Benfield has entered into an agreement with technology company eReinsure.com for the use of its reinsurance platform.
The agreement will allow certain Benfield ceding companies to use eReinsure's technology platform to manage the purchase of facultative reinsurance solutions in London, the US and Asia, said Benfield.
eReinsure said its platform provided insurers, reinsurers and brokers to efficiently communicate and quote on reinsurance submissions. Launched in 2000, the company said the platform has been used to handle more than 40,000 reinsurance submissions.
Benfield chief executive Grahame Chilton said the eReinsure platform was a natural fit for the company's expanding facultative business.
