Eurobase Insurance Solutions (Eurobase), a leading global software and services provider and part of Eurobase International Group, today announced that it has entered into a contractual agreement to supply its synergy2 underwriting platform to Bermuda-based insurance management services provider, Horseshoe Group.
Horseshoe Group is a leading provider of management and advisory services to insurers, reinsurers, sidecars, transformers, and catastrophe bonds. synergy2 was selected by Horseshoe Group for its underwriting platform as it provides the flexibility of being able to handle both the service company business and the reinsurance business in a single application.
Horseshoe Group will be deploying synergy2 in its Bermuda and Cayman Islands operations, and will be utilising the full capability of synergy2 for underwriting, claims, reinsurance, accounting and reporting. The reinsurance functionality will be used for the administration of the link between the reinsurance market and capital investors.
Speaking about its decision to choose Eurobase’s synergy2, Andre Perez, CEO, Horseshoe Group said "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."
“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.” said Stuart Pembery, Business Development Director, Eurobase Insurance Solutions.