24Vision.Solutions announces a Joint Venture (JV) with FourteenZeroFive Insurance Solutions, a specialist reinsurance MGA that will underwrite engineering and energy risks in the African market.
24Vision.Solutions, a marine professional global group specialized in delivering solutions across all the aspects of the marine adventure, is entering into a joint venture agreement with FourteenZeroFive Insurance Solutions, a participated reinsurance Managing General Agency (MGA) based in Belgium and specialized on engineering and energy reinsurance solutions while investing in Africa.
Under the agreement 24Vision will make available to FourteenZeroFive its own specialized corporate platform with the intent to facilitate a quick take up of the different value proposition to ensure transparency to the reinsurance market accepting engineering and energy placements across all Africa.
“We are proud to join forces with FourteenZeroFive – we have high interest in developing our presence in Africa and we believe our services on the marine side will be of high interest for those existing and new project investments in such a dynamic continent like Africa” said Martin Lanting, Chief Visionary Officer of 24Vision.Solutions. “Together we will redefine the understanding of risk transfer solutions for African investments to promote horizontal partnership and disruptive innovation”.
“We have high admiration for the innovative business concept developed at 24Vision and we are proud of being part of this vision” said Attilio Tornetta, Managing Director of FourteenZeroFive. By forming this partnership, we can guarantee to our clients a digital platform that will facilitate the way construction and operational risks are underwritten and managed in Africa while reducing claims frequency and severity together with associated costs. As well, our reinsurers will experience a transparent and linear way of managing risks accepted on their behalf, having a live control on underwriting discipline and performances”.