Insight and Intelligence on the London & International Insurance Markets 15 Dec 2017

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ILS manager debuts blockchain bond

  • Sophia Geraghty 8 August 2017
  • Zurich-based insurance-linked securities (ILS) manager Solidum said it has issued a private cat bond using a blockchain that will be opened to other ILS investors.

    The firm's reinsurance transformer Dom Re issued the $14.8mn cat bond lite to six investors, who purchased the notes on the private blockchain via a Guernsey trust managed by Artex.

    The notes are due in 2023.

    Solidum Re acted as the permission grantor and sponsor of the blockchain, which it has named the ILSBlockchain.

    The...

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