Sapphire Re Selects Eurobase’s Synergy2 Reinsurance Platform

The reinsurer sought to fulfill deep functional requirements, deliver operational efficiency across its business, and elevate its technology to the next level.

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Sapphire Reinsurance Company (Cayman Islands) has selected Eurobase’s (London) Synergy2, a platform for global reinsurers, to support its end-to-end captive operations.

Diana Beltrán Harnache, Head of Reinsurance, Sapphire Re.

Sapphire Re selected Synergy2 to meet its deep functional requirements and deliver operational efficiency across its business, according to a Eurobase statement. Sapphire Re also identified the importance of being able to migrate data from an existing solution and building a strategic partnership with a solution provider who has exceptional reinsurance expertise and who invests in a strong product roadmap and a future proof offering, the vendor says. Eurobase says Synergy2 will be central to Sapphire Re’s captive operations, positioned as an end-to-end solution while also providing integration, analytics, and reporting across the entire business.

Eurobase describes the Synergy2 platform as a release-based solution helping captives achieve sustainable, strategic growth in the digital age, and Sapphire Re have deployed the solution in the cloud.

Joe Locke, CEO, Eurobase Insurance Solutions.

“As a Director of Sapphire, I am proud to have Eurobase as a partner and elevate our technology to the next level using Synergy2,” comments Diana Beltrán Harnache, Head of Reinsurance, Sapphire Re. “After a long selection process for core business software, we found Synergy2 fits excellently to our requirements.”

Growing Community of Captives

“Eurobase is delighted to welcome Sapphire Re into our growing community of captives,” comments Joe Locke, CEO, Eurobase Insurance Solutions. “We look forward to building a strong and strategic partnership that will facilitate the growth of their business.”

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Anthony R. O’Donnell // Anthony O'Donnell is Executive Editor of Insurance Innovation Reporter. For nearly two decades, he has been an observer and commentator on the use of information technology in the insurance industry, following industry trends and writing about the use of IT across all sectors of the insurance industry. He can be reached at AnthODonnell@IIReporter.com or (503) 936-2803.

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