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”
About Korean Re
Korean Reinsurance Switzerland AG is a wholly owned subsidiary of Korean Re, a global reinsurer with 56 years of expertise and experience in the reinsurance business. Recently ranked within the world’s Top 10 reinsurers by Gross Written Premiums. Korean Re has an extensive global network in locations such as Korea, Singapore, USA, UK, Japan, Hong Kong, China, Malaysia and Dubai. Their mission is to provide reinsurance services of the highest possible standards to deliver value for clients, shareholders, and employees and ultimately support their growth and prosperity.
Eurobase is a leading international software and services provider of (re)insurance solutions. Established in 1988 and with customers in over 25 countries, Eurobase has gained extensive knowledge of the global (re)insurance markets. With a personal approach, Eurobase ensures it delivers the support and flexibility its customers need and the service they expect. With long standing customer relationships, Eurobase has a committed approach to doing business and to product investment, delivering ongoing value above and beyond initial engagements.
For further information, please contact:
Group Marketing Executive
Eurobase International Group
T: +44 (0) 207 648 2499