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.”
Topics Europe Reinsurance
Was this article valuable?
Here are more articles you may enjoy.
Insurance Broker Stocks Sink as AI App Sparks Disruption Fears 
AIG’s Zaffino: Outcomes From AI Use Went From ‘Aspirational’ to ‘Beyond Expectations’ 
Trump Demands $1 Billion From Harvard as Prolonged Standoff Appears to Deepen 
Florida Insurance Costs 14.5% Lower Than Without Reforms, Report Finds From This Issue
