blockchain

Oxbridge Re Ltd., the Cayman Islands based reinsurance firm with a Gulf Coast risk focus, has begun the initial offering of digital or tokenized reinsurance securities named DeltaCat Re, with the capital set to support collateralized reinsurance contracts underwritten via its sidecar structure, Oxbridge Re NS.

Oxbridge Re Ltd., a Cayman Islands based reinsurance firm, has launched an initiative through which it aims to sponsor the issuance of digital or tokenized reinsurance securities, that will be used to raise capital and support collateralized contracts underwritten via its sidecar, Oxbridge Re NS.

Stone Ridge Asset Management, the New York based asset manager an alternative risk premia focus, including reinsurance and insurance-linked securities (ILS), has launched Proof Insurance Solutions, a managing general agent (MGA) with a focus on underwriting risks from the blockchain and digital asset sectors.

Swiss-headquartered fintech startup Cerchia has raised CHF 1.3 million in seed funding from High-Tech Gründerfonds (HTGF) and other investors, to help finance the ongoing development and first product launch of its capital markets direct risk transfer platform.

Nayms, a regulated Bermuda based marketplace for crypto insurance, has added a key hire with insurance-linked securities (ILS) capital raising experienced, appointing Nick Zagoreos as its Head of Capital Markets.

Insurtech Lemonade has launched a parametric climate risk transfer initiative that will utilise the blockchain and cryptocurrency technology to deliver affordable climate insurance to the world’s most vulnerable farmers.

Insurance and reinsurance broker Aon, working with cryptocurrency and smart contract focused insurtech start-up Nayms and Bermuda specialist insurer Relm, aims to open up the capital markets to digital asset risk, to source risk capacity for the burgeoning crypto space.

Smart contract focused insurtech start-up Nayms believes it can help the insurance-linked securities (ILS) market become more liquid, by representing ILS contracts in tradable digital assets so investors can move in and out of positions more easily.

A new insurance-linked securities (ILS) risk securitisation facilitator and risk transfer consultancy named Replexus Group has been launched by Cedric Edmonds, formerly at Swiss ILS manager Solidum Partners.

A blockchain based parametric weather insurance product has made its first payouts, after severe weather impacted smallholder farmers covered by the product in Sri Lanka.