The St. Paul Companies’ reinsurance unit, St. Paul Re, joined the inreon platform, launched last December by Munich Re and Swiss Re, to offer reinsurance products online. Initially, St. Paul Re will provide capacity for European facultative property risks supported through its Brussels office, specifically in Belgium, the U.K., the Netherlands, France, Italy, Spain and Germany. 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. “Through inreon, facultative reinsurance clients in Europe can now access our capacity and products through an easy, efficient and fully secure means,” Duffy stated. “It’s one more way to allow customers access to a leading and financially sound reinsurer with a strong commitment to do business online.”
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