JACKSONVILLE, FL – Fortegra Financial Corporation (NYSE: FRF) has agreed to acquire eReinsure.com, Inc., an industry leader in web-based technologies for reinsurance process control, information management and compliance functions, for a cash purchase price of $37 million.
The acquisition of Salt Lake City, Utah-based eReinsure will enable Fortegra to offer eReinsure’s unique reinsurance negotiation platform to insurers, reinsurers and brokers. eReinsure was founded 11 years ago and developed a web based platform to support placing reinsurance risks.
Since then, eReinsure has grown to serve many of the largest reinsurance buyers, sellers and brokers worldwide. eReinsure has demonstrated the value of a web-based system for enhancing transaction control and efficient distribution in the reinsurance market. As a result of the growth of eReinsure, electronic placing of reinsurance has become well established with over 15,000 registered users in 80 countries.
Fortegra Financial Corporation is an insurance services company that provides distribution and administration services and insurance-related products to insurance companies, insurance brokers and agents and other financial services companies in the United States. It sells services and products directly to businesses rather than directly to consumers. Fortegra’s brands include Life of the South, Consecta and Bliss & Glennon.
- Miami’s Olympus Healthcare selling Radix assets
- Atlanta insurance IT firm Ebix buying A.D.A.M. for $66M
- SunGard acquires Maxim Insurance Software Corp.
- Atlanta’s SunGard acquires DSPA Software
- Miami’s HealthCare.com buys BrokersWeb.com
© 2011, TechJournal. All rights reserved.