Solidum in first blockchain cat bond listing on an exchange

A private insurance-linked securities (ILS) or catastrophe bond issuance completed using the blockchain by Solidum Re has been listed on The International Stock Exchange (TISE), in what is a first for the market. Dom Re IC Limited, a cell of Solidum Re (Guernsey) ICC Limited, which is itself a subsidiary of read the full article →

Solidum joins The International Stock Exchange (TISE) as member to list ILS

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. The TISE was previously known as the Channel Islands Securities Exchange but changed read the full article →

Blockchain a potential game-changer, more ILS use-cases to emerge

Blockchain is a potential game-changer for the insurance and reinsurance sector, according to Fitch Ratings, who forecast that the technology will become increasingly embedded in the fabric of the re/insurance market over the coming years and that ILS related use-cases will continue to emerge as well. Fitch notes that adoption of read the full article →

Solidum completes second blockchain catastrophe bond issue

Insurance and reinsurance linked investment specialists Solidum Partners has created, issued and settled a second private catastrophe bond on the blockchain, with a roughly $15 million multi-tranche transaction which we've added to our Deal Directory as Jungfrau IC Limited 2018. Last year, Solidum Partners became the first to create and settle read the full article →

Lombard Odier the investor behind blockchain cat bond trade

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. The Insurance-Linked Strategies (ILS) team at Lombard read the full article →

First ILS secondary trade on a blockchain completed

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. Solidum Partners completed an innovative private catastrophe bond read the full article →

Reinsurance blockchain prototype launched by B3i

At the Monte Carlo Reinsurance Rendez-vous event a working prototype of a blockchain powered reinsurance transaction platform was launched by the group of fifteen global insurers and reinsurers that make up the B3i (Blockchain Insurance Industry Initiative). The distributed ledger system built on a blockchain technology was demoed to an audience read the full article →

First blockchain settlement for cat bond completed by Solidum

Insurance and reinsurance linked investment specialists Solidum Partners have completed a private catastrophe bond transaction, a $14.8 million Dom Re IC Limited 2017, which has become the first such securitisation to be settled using a private blockchain. The transaction was issued using Solidum Partners Guernsey-domiciled transformer vehicle Solidum Re (Guernsey) ICC read the full article →

Blockchain needs standards in reinsurance: Swiss Re

Global reinsurance firm Swiss Re said that the major players are aware of the need for standards in blockchain related technology initiatives and hence the Blockchain Insurance Industry Initiative (B3i) involving some of the world's largest re/insurers is important. Kurt Karl, Swiss Re's Chief Economist and Global Head of the Swiss read the full article →

Global re/insurers to build blockchain retrocession proof-of-concept

Global insurance and reinsurance players Aegon, Allianz, Munich Re, Swiss Re and Zurich have teamed up to collaborate on developing and proving the use of blockchain distributed ledger technology and smart contracts within the industry, beginning with a retrocession proof of concept. As the re/insurance industry focus on insurance and reinsurance read the full article →