ILSBlockchain

The recent completion of the world’s first pure volcanic risk catastrophe bond for its sponsor the Danish Red Cross, is an impressive example of the use of insurance-linked securities (ILS) in the humanitarian field, according to one of the investors in the bond, Plenum Investments AG.

The recent completion of the world’s first pure volcanic risk catastrophe bond is a demonstration of Guernsey’s insurance-linked securities (ILS) credentials, Paul Sykes, Managing Director at Aon has said.

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.

Solidum Partners, the Swiss specialist insurance and reinsurance linked investment manager, has completed a $12 million Jungfrau IC Limited 2019 private catastrophe bond issuance, which is the fourth to use the firms blockchain system.

Solidum Partners AG has signed up one of its subsidiaries as a member of Guernsey headquartered The International Stock Exchange (TISE), providing the firm with the ability to arrange and sponsor listings of insurance-linked securities on the exchange.

Asset manager Lombard Odier was one of the investors that participated in the first blockchain based secondary trade of catastrophe bond notes, as the firm’s ILS investment team purchased a chunk of the near $15 million Dom Re IC Limited 2017 private cat bond.

Solidum Partners AG, the Swiss based catastrophe bond and ILS investment fund manager, has successfully completed the first ILS secondary trade on a blockchain, after a new investor member joined its private ILSBlockchain and entered into the transaction with one of Solidum’s funds.