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Reinsurer.com to establish internet marketplace for trillion dollar reinsurance trading market
San Francisco, CA - April - 30, 2001
Reinsurer.com, a business-to-business e-commerce company established in 2000, today announced plans to create a global Internet marketplace that will make it easier for insurers, brokers and reinsurers to exchange all reinsurance products.
"Through technology, Reinsurer.com will eliminate the inefficiencies that exist in the market by streamlining products and services in one location," said Daniel Calviņo, Chief Executive Officer of Reinsurer.com. "Our site will become the hub through which everyone in the reinsurance market will connect."
"This market environment provides a tremendous business opportunity for Reinsurer.com," according to Calviņo. The Reinsurance industry, truly global in its scope, generates approximately $125 billion in ceded premiums (USD). eCommerce, will have a significant impact on this market segment. Reinsurance is a true B2B model with B2C characteristics in such areas as facultative. As such, it offers enormous opportunities for companies to leverage Internet technologies, reduce their costs and significantly increase their market share.
About Reinsurer.com - Headquartered in San Francisco, Reinsurer.com was formed in early 2000 to create an Internet-based marketplace to improve the efficiency of the worldwide reinsurance industry. Scheduled to be launched later this year, Reinsurer.com will revolutionize the way insurers, brokers and reinsurers exchange reinsurance products by centralizing the marketplace online.
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