Bit of a plug for the old company (Disclosure: I used to be a broker at Greig Fester in the 80s before it was merged into what is now Benfields):
Benfield, an independent reinsurance and risk intermediary, today announced the launch of eCatFac, a new electronic placing platform designed to help place facultative reinsurance for cedants with large catastrophe exposures.
…
The eReinsure platform notifies the buyer when a quote is available, and acts as the communication channel for negotiating pricing and coverage terms. A complete electronic record is maintained and final documentation can be accessed via the system.
I presume this is a good thing. It sounds good. Which is a good thing, for Benfields.
Source: The Canadian Underwriter
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