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B3i’s first application supports retro as well as XoL reinsurance

The awaited launch of B3i's catastrophe excess-of-loss (XOL) reinsurance placement system built on distributed ledger technology came today and the company highlighted it can be used for retrocession as well as treaty reinsurance.As we explained earlier this month, the insurance and reinsurance industry backed initiative that became a company, B3i, read the full article →

Alternative capital can “bypass” the traditional value chain: Aon

For some year's now we've been saying that insurance-linked securities (ILS) capacity and alternative reinsurance capital is destined to get closer to risk, as structures and technologies advance to allow it to break free from the strictures of the traditional market chain.So, it's encouraging to hear that insurance and reinsurance read the full article →

B3i say catastrophe XOL reinsurance system to launch this month

B3i, the insurance and reinsurance industry initiative that aims to create standardised systems for transacting in reinsurance using a distributed ledger, says that its catastrophe excess-of-loss (XOL) reinsurance placement system is finally ready to be released.B3i launched as a blockchain focused consortium of industry insider companies, aiming to create a read the full article →

Ledger Investing adds investment manager Gutterman as Advisor

Ledger Investing, the insurance technology (insurtech) and insurance-linked securities (ILS) start-up that aims to enhance the way re/insurers fund their risks using securitisation and tech, has added a new Advisor to its team.Joining Ledger is Ian Gutterman, an investment and portfolio manager with over twenty years of experience managing complex read the full article →

Ledger closes non-standard auto insurance securitization with AlphaCat

Insurance technology (insurtech) and insurance-linked securities (ILS) start-up Ledger Investing has successfully completed its first transaction, directly securitizing a portfolio of non-standard passenger auto insurance between an MGA and the AIG-owned ILS fund manager AlphaCat.The transaction is a step away from the more typical property catastrophe risk exposures that are 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 →

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 →

Ledger Investing raise $5m seed round for insurance securitization platform

Insurtech start-up Ledger Investing, which counts ex-AIG capital markets head Samir Shah as its CEO, is in the process of completing a $5 million round of seed funding to help it build out its insurance risk securitization platform and expand its team.Ledger Investing is creating a platform that will allow 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 →

Alternative capital “an innovative force within insurance” – Aon

While alternative capital has tested the marketplace, fundamentally changing the risk transfer business and been said to have disrupted the risk-to-capital value-chain in recent times, Aon says it's important to remember that it's provided an innovative force within insurance.According to Aon Securities, a subsidiary of Aon, alternative reinsurance capital now read the full article →