Sunday, August 27, 2017

FinTech Blockchain Already In The Marketplace

Solidum Partners Completes First Catastrophe Bond On A Blockchain

Zurich-based Solidum Partners has completed a private catastrophe bond transaction, $14.8m of notes which it believes is first such securitisation to be settled using a private blockchain. The transaction was issued using Solidum Partners Guernsey-domiciled transformer vehicle Solidum Re ICC Limited, with one cell named Dom Re IC Limited hosting the underlying reinsurance contract and acting…