London
9 November 2017
Reporter: Lorella Fava

Eurobase’s synergy2 to support Sigurd’s captive operations


Sigurd Rück AG (Sigurd), the captive of Saipem domiciled in Zurich, Switzerland, has selected Eurobase Insurance Solutions’s synergy2 to support its captive operations.

Sigurd selected to partner with Eurobase in October 2017 as part of its investment strategy.

Synergy2 is a web-based solution that manages the full life cycle of a company’s insurance operations. The platform provides client management, underwriting, claims, accounting and reporting.

Saipem provides drilling services, as well as engineering, procurement, construction and installation of pipelines, onshore and offshore, in the oil and gas market.

Joe Locke, CEO of eurobase insurance solutions, commented: “We are pleased to welcome Sigurd to our growing community of captive organisations and look forward to working with the team and forging a strong long-term relationship. We are confident that synergy2 will enable Sigurd to realise its objectives, in particular to deliver improved management information and increased operational efficiency".

More news
The latest news from Captive Insurance Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
AIG to acquire Validus
22 January 2018 | New York | Reporter: Ned Holmes
AIG has agreed to acquire all outstanding common shares of Validus, the provider of reinsurance, primary insurance and asset management services, in a deal worth $5.56 billion
South Carolina welcomes 15 new captives
19 January 2018 | Charleston | Reporter: Becky Butcher
The South Carolina Department of Insurance has licensed a total of 15 new captives in 2017
A.M. Best withdraws SARRG ratings
19 January 2018 | Oldwick | Reporter: Ned Holmes
A.M. Best has withdrawn the credit ratings of SARRG, after the company requested to no longer participate in the rating agency’s interactive rating process
Regions Insurance promotes Mike Breedlove
19 January 2018 | Alabama | Reporter: Ned Holmes
Regions Insurance has appointed Mike Breedlove as its new executive vice president of property and casualty operations
Advantage opens Vermont office
18 January 2018 | Vermont | Reporter: Ned Holmes
Advantage Insurance has opened a new office in Vermont to support its growing captive insurance services business
Tennessee captive premiums exceed $1 billion mark in 2017
18 January 2018 | Nashville | Reporter: Ned Holmes
Tennessee-domiciled captive insurance companies exceeded $1 billion in written premiums in 2017 for the first time, according to year-end figures from TDCI
JLT IM hires new senior account manager
17 January 2018 | Vermont | Reporter: Ned Holmes
JLT IM has appointed Jocelyn Lyman as a new senior account manager