Eurobase is delighted to announce that Korean Re Switzerland has selected Synergy2, the leading platform for global reinsurers, to support its end-to-end reinsurance operations.
Korean Re, ranked within the world’s top 10 reinsurers, aims at intensifying its sustainable growth within the European reinsurance market. Consequently, Korean Re has created the 100% owned Switzerland based subsidiary (FINMA regulated, ‘A’ stable rated by S&P) which aims at providing excellent client service and at further developing Korean Re’s European portfolio. A key factor in Korean Re’s decision was Eurobase’s ability to demonstrate its comprehensive understanding of reinsurance processes and experience of working with start-up operations.
Commenting on the partnership with Eurobase, Markus A. Eugster, CEO of Korean Re Switzerland, said: “We are looking forward to working with Eurobase to establish an integrated and scalable underwriting platform which supports our business ambitions and is the backbone of our cost efficient operation.”
Joe Locke, CEO of Eurobase Insurance Solutions, adds “We are pleased to be partnering with Korean Re Switzerland and to support its anticipated growth in Europe. As a result of recent and ongoing investment, Synergy2 is well positioned to meet the current and future requirements of reinsurance companies in what is a fast-changing technology landscape”