Sapphire Re chooses Synergy2 for captive operations

Eurobase has announced that Sapphire Re has selected Synergy2, a platform for global reinsurers, to support its end-to-end captive operations.

Sapphire Re said that it selected Synergy2 to meet its deep functional requirements and deliver operational efficiency across its business. 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 reinsurance expertise and who invests in a strong product roadmap and a future proof offering.

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.

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

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

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