INREON
May 1st, 2002
BY ALAN OSBORN
THE EUROPEAN Commission has cleared the start-up of inreon, (NOTE: all letters in lower case) an online business-to-business reinsurance trading platform set up by Swiss Re and Munich Re. The service will enable insurers to obtain bids from reinsurers on big property and catastrophic risks and conclude contracts online. Following an inquiry, Brussels concluded that adequate safeguards for competition within the EU insurance market had been provided.
THE EUROPEAN Commission has cleared the start-up of inreon, (NOTE: all letters in lower case) an online business-to-business reinsurance trading platform set up by Swiss Re and Munich Re. The service will enable insurers to obtain bids from reinsurers on big property and catastrophic risks and conclude contracts online. Following an inquiry, Brussels concluded that adequate safeguards for competition within the EU insurance market had been provided.
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.