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Technology Focus - AIG announces eReinsure link-up.
(From Reinsurance)
American International Group (AIG) has announced that it is implementing electronic trading platform eReinsure's system for facultative reinsurance buying.
AIG has been evaluating the system for the past year, looking at how it operates and if it meets the company's quality standards. The various member companies of AIG, which operate in 130 countries all over the world, will be using eReinsure's system.
eReinsure provides internet technologies for reinsurance negotiation, documentation, reinsurance recoveries and other functions that allow online trading. eReinsure is now one of the few remaining online reinsurance trading operations following the demise of rival trading platform Inreon in May this year (Reinsurance, June/July 2003, p1).
Igor Best-Devereux, chief executive of eReinsure, said: "We consider this a milestone for our company. The ...
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