June 10, 2014
PEMBROKE, BERMUDA, [June 10, 2014] – PartnerRe Wholesale is introducing the eHandshake – a unique online service designed to streamline the application process for PartnerRe’s binding authority facility and to speed up response times.
The eHandshake, which is part of PartnerRe Wholesale’s BindingAuthority+PLUS service takes the application process online – making it easier for insurers, brokers and MGAs to submit applications and providing a 48-hour response from dedicated regional underwriters.
BindingAuthority+PLUS offers insurance providers that wish to grow their financial lines product offering for SMEs, access to binding authority as well as a unique range of customized services as part of a multi-year strategic partnership.
Says Marc van der Veer, General Manager PartnerRe Wholesale: “Our clients want a strategic partner that is flexible and responsive so that they can respond more quickly to the unique demands of the SME insurance market. The eHandshake directly addresses that need by fast-tracking our response time and making our services more easily accessible.”
See the eHandshake now live on our website: www.partnerre.com/wholesale/ehandshake
PartnerRe Wholesale offers Financial Lines insurance coverage tailored for SMEs, including commercial Professional Indemnity (PI), commercial Directors & Officers (D&O) and General Liability (GL) insurance. It operates through an international wholesale distribution network consisting of managing general agents (MGAs), brokers and insurers underwritten by Partner Re Ireland Insurance Ltd an A+ (S&P rated) insurer.
Binding Authority+PLUS offers conventional binding authority that leverages PartnerRe’s long-term financial stability plus customized partner services as part of a multi-year partnership.
PartnerRe Ltd. is a leading global reinsurer, providing multi-line reinsurance to insurance companies. The Company, through its wholly owned subsidiaries, also offers capital markets products that include weather and credit protection to financial, industrial and service companies. Risks reinsured include property, casualty, motor, agriculture, aviation/space, catastrophe, credit/surety, engineering, energy, marine, specialty property, specialty casualty, multiline and other lines in its Non-life operations, mortality, longevity and accident and health in its Life and Health operations, and alternative risk products. For the year ended December 31, 2013, total revenues were $5.5 billion. At March 31, 2014, total assets were $23.5 billion, total capital was $7.6 billion and total shareholders’ equity attributable to PartnerRe was $6.8 billion.
PartnerRe on the Inteet: www.partnerre.com
Sard Verbinnen & Co.
Drew Brown/Daniel Goldstein