B3i Services AG, a 2-year-old company entirely owned by members of the insurance industry, announced that 30 contracts of reinsurance have been concluded on its platform, including some of the world’s most complex Catastrophe Excess of Loss (XoL) reinsurance treaties. A total of 9 insurers, 4 major brokerage firms, and 8 reinsurers participated in… Continue reading Major Reinsurers and Brokers Complete Complex Placements on B3i’s Blockchain Platform
Tag: B3i
Blockchain Insurance Industry Initiative Raises $16M
The Blockchain Insurance Industry Initiative (B3i) has raised around $16 million in its latest funding round, according to corporate registry filings in Switzerland. Founded in 2016, the B3i is a collaboration of 15 global insurers and reinsurers formed to explore the potential of using distributed ledger technologies (DLT) within the industry for the benefit of… Continue reading Blockchain Insurance Industry Initiative Raises $16M