Salt Lake City, November 5th, 2007 – eReinsure today announced that it has completed deployment of the eReinsure placing platform for ACE Group�s International Property business. ACE property underwriters will use the internet based system to manage the procurement of facultative reinsurance in approximately 30 countries.
�We are delighted to be working with ACE on this project� said Igor Best-Devereux, CEO of eReinsure. �The eReinsure platform has been designed to provide process control and management information for global reinsurance buyers. Using the internet as the means of transferring information provides underwriters around the world with a consistent system that is cost effective and well proven.�
Paul McNamee, SVP, Property � ACE Overseas General, added �It�s only by being a leader in the use of technology that we can ensure the standards of operations and compliance that are ingrained in our corporate objectives. We see eReinsure as a valuable tool in effectively managing the placement of facultative reinsurance.�
The ACE Group of Companies is a global leader in insurance and reinsurance, serving a diverse group of clients. Headed by ACE Limited (NYSE: ACE), a component of the Standard & Poor�s 500 stock index, the ACE Group of Companies conducts its business on a worldwide basis with operating subsidiaries in more than 50 countries. Additional information can be found at: www.acelimited.com.
eReinsure.com Inc. (www.ereinsure.com) develops Internet technologies for reinsurance negotiation, documentation, and other functions that support process efficiency, compliance and management information. The company is located in New York and London, and has a technology development center in Salt Lake City, Utah, USA. .