Xuber, Xchanging's newly re-launched insurance software business, has signed a deal with Qatar-based reinsurer Q-Re LLC to provide Xuber product "Iris" as the software package underpinning its international platform.
A multi-user Iris licence will be delivered to Q-Re LLC through a 3 year contracted managed service. Implementation will begin immediately to be completed in Q1 of 2013. The contract was won via a competitive tender.
Q-Re LLC is the reinsurance arm of Qatar Insurance Company SAQ (QIC), the largest insurer in Qatar. Q-Re LLC has selected Xuber software to underpin its ambitious global drive for new business, having recently launched a European platform, set up additional offices in Zurich and London, and are in the process of hiring a first class team of senior reinsurance underwriters.