The Horseshoe Group Selects Eurobase Insurance Group's Synergy2 Underwriting Platform
April 03, 2013
By Toni Sutton
TMCnet Contributing Writer
Eurobase Insurance Solutions, a global software as well as a services provider, announced that they have signed an agreement with Bermuda based Insurance management services provider Horseshoe Group to use its synergy2 software-underwriting platform. Horseshoe Group is a supplier of management and advisory services to reinsurers, sidecars, insurers, catastrophe bonds and transformers.
The Horseshoe Group was formed in 2005 by seasoned insurance and reinsurance professionals with substantial experience within the insurance and reinsurance markets, with offices in Bermuda, Cayman Islands, Ireland and the USA.
The Horseshoe Group selected synergy2 because their underwriting platform provides the elasticity to handle both the reinsurance business in a single application and the service company business.
The CEO of Horseshoe Group, Andre Perez states “"We were looking for an underwriting system which was flexible enough to handle the complexity of transactions we manage but also simple enough to use. We found that in synergy2 in addition to being a robust platform. synergy2 helps the Horseshoe Group better serve our clients' needs."
The Business Development Director of Eurobase Insurance Solutions, Stuart Pembery is happy about working with the Horseshoe Group, and says “We are delighted to welcome Horseshoe Group into the synergy2 community. The comprehensive functionality offered by synergy2 will deliver improved control, data quality and processing efficiencies.”
Eurobase provides innovative software solutions for the insurance and banking sectors, comprehensive consultancy and high-caliber IT recruitment services around the world.
Synergy2 will be used in Horseshoe Groups’ Cayman Islands and Bermuda operation. They will be using the full capabilities of synery2 for reinsurance, accounting and reporting as well as underwriting. For the administration of the link between the capital investors and the reinsurance market, the reinsurance functionality will be deployed. It will provide a complete end-to-end platform for insurance administration that will entail all that is needed to effectively transact business without any comprise whatsoever.
Edited by Brooke Neuman
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