CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised 
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch 
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates 
Nintendo Shares Slide After Earnings Miss Raises Switch 2 Margin Concerns 
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026 
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains 
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO 
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns 
Nvidia Nears $20 Billion OpenAI Investment as AI Funding Race Intensifies 
Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil 
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks 
DENVER, Aug. 2, 2016 -- Mutual Reinsurance Bureau, an Illinois-based company that reinsures diverse companies across the U.S. and internationally, and StoneRiver, Inc., a trusted insurance technology partner with solutions across multiple business lines, today announced that Mutual Reinsurance has selected StoneRiver's Universal Reinsurance System (URS®) to increase efficiency and ensure accuracy in the reinsurance administration for its business partners.
The company selected URS to move away from reliance on a legacy system using old technology. The URS system will provide a modern and comprehensive reinsurance administrative system with full underwriting, claims, accounting, and reporting capabilities.
Mutual Reinsurance Bureau Vice President and CFO Scott Johannsen said, "Our company has a long history of helping insurance companies band together to meet their reinsurance needs. To address current regulatory and reporting requirements, we wanted URS for its strong automation that will provide auditable processing, manage complex reinsurance transactions, and quickly respond to new reinsurance offerings."
StoneRiver Senior Vice President Thomas Chesbrough noted, "We are very pleased that Mutual Reinsurance Bureau is joining our large community of reinsurance clients. URS propels insurers to even greater levels of efficiency by automating some very labor-intensive processes."
About Mutual Reinsurance Bureau
Mutual Reinsurance Bureau is a reinsurance underwriting association that arranges and effectuates reinsurance agreements with insurance companies on behalf of its assuming members. Since 1921, the company has provided unquestionably strong security to insurance companies along with knowledgeable underwriting and timely claims processing.
About StoneRiver, Inc.
StoneRiver delivers the industry's widest range of value-oriented technology solutions and services to insurance carriers, agents and broker-dealers. This versatile product group encompasses front-office, policy, claims, rating, underwriting, billing and reinsurance automation for all major business lines. Hundreds of companies of all sizes rely on StoneRiver software and processing solutions to achieve a competitive edge. Customer satisfaction and client success are the continuing goal, and are in large part achieved by maintaining and valuing strong, long-term customer relationships.
CONTACT: Thomas Chesbrough, SVP
StoneRiver, Inc.
303.729.7643
[email protected]
