15th October 2019 – London UK

B3i today announced that it has released the latest version of its Property Catastrophe Excess of Loss Reinsurance application and its successful deployment to production environments ahead of year end renewals. The product runs within the B3i Business Network, part of the global Corda Network.

Customers are now readying themselves for the upcoming year-end contract renewals. The product enables them and their counterparties to easily and cost effectively negotiate terms, agree rates and complete contract placements. Historically this multiparty process has been facilitated by email with inherent risks and inefficiencies around version control, data integrity (transposition errors), document management and security.

11th August 2019 – London UK

On the 19th and 20th June 2019, B3i welcomed testing groups from across the B3i community to join in their testing hackathon in Zurich, Switzerland.

Attendees tested a live version of B3i’s Property Catastrophe Excess of Loss Reinsurance application. Brokers, insurers and reinsurers were asked to setup real scenarios to stress test the application, whilst providing feedback to B3i’s developers. The network ran 43 nodes – 40 customer nodes (7 cedents, 12 brokers and 21 reinsurers) and 3 B3i (operator, mapping and notary nodes) to simulate life- like scenarios.

17th July 2019

John Carolin has been appointed Chief Executive Officer of B3i Services AG (“B3i”).

John previously served as interim CEO since March 2019 after joining B3i as Chief Financial Officer in March 2018.

‘Fun’ but corporate headshots for a startup based in Zurich, Switzerland.

B3i announced the launch of their prototype platform with their Early Mover Programme participants Aon, AXA, Liberty Mutual, SCOR and Swiss Re. Discussing progress and next steps for the implementation of Blockchain in their businesses.