Munich Re and Swiss Re, the world's largest reinsurance companies
have joined forces to create an independent reinsurance exchange on
the Internet.
The exchange, called Inreon, the first for the reinsurance
industry, aims to offer insurers, brokers and reinsurers, a
reliable and cost-effective way of transferring insurance risk.
Inreon will initially concentrate on certain types of property
cover in the US, UK, France, Germany, Netherlands, Italy, Belgium
and Spain. But other types of cover will be added over time.
Andersen Consulting, the management and technology consultant,
is a partner in the exchange, which has its headquarters in
London.
