eReinsure the Company

2.5.01

Reinsurance trading site launched

SALT LAKE CITY—An Internet-based reinsurance platform designed to provide a neutral site for reinsurance negotiations was launched Monday.

Reinsurance buyers and brokers can use the site, www.ereinsure.com, to submit a program and then solicit quotes via an e-mail that directs reinsurers to the site, explained Igor Best-Devereux, chief executive officer of Salt Lake City-based eREINSURE.com Inc., which operates the site. After examining the program, reinsurers may request additional information, make amendments and then submit a quote, he said.

Details of a risk are made available only to the handful of reinsurers that the buyer or broker wishes to contact, Mr. Best-Devereux said.

The Internet site eliminates the need to send multiple copies of a risk to the reinsurers and simplifies and reduces the cost of the transaction, he said.

"It is a neutral trading platform that respects the relationships," Mr. Best-Devereux said.

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