Horseshoe Re Limited is a licensed Bermuda Class 3 separate account reinsurer. The company has offices in Bermuda, the Cayman Islands and Ireland.
Horseshoe Group is the foremost independent insurance manager and reinsurance transformer dedicated to the ILS market. The group offers a broad array of management and advisory services to insurers and reinsurers, catastrophe bonds, sidecars, dedicated reinsurance funds, hedge funds and private equity firms, Lloyd’s affiliates and investment banks.
Horseshoe needed a proven and flexible reinsurance application that delivered efficiencies to the transaction and contract processing. After a careful assessment of the options available and a review of its own requirements, Horseshoe Group selected Eurobase’s synergy2.
Speaking about the decision to choose Eurobase, Andre Perez, CEO, Horseshoe Group said: "We were looking for an underwriting system that was flexible enough to handle the complexity of the transactions we manage but also simple enough to use. We found that in synergy2. In addition to being a robust platform, the system helps the Horseshoe Group better serve our clients' needs."
The system was deployed within Horseshoe’s infrastructure and enabled the Group to be ready for the busy renewal period. A Eurobase team was on-site for the initial phase of the implementation process, with remote support provided by a team in the Chelmsford office. The off-site remote support was provided around Horseshoe’s working hours. In this way, Eurobase was able to provide a ‘local’ service with face to face contact available.
Paul Buckle, director, commented: “Horseshoe’s unique processing requirements of linking what is standard reinsurance with capital market funds truly called upon the flexibility of synergy2. With some system changes, we were able to meet the specific requirements demanded of us.”
