Complex Placements Completed on Blockchain Platform
COMMUNICATIONS
PRESS RELEASE
Major re/insurers and brokers complete complex placements on B3i’s blockchain platform
12th February 2020
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 the placements, which were conducted as a parallel run with 1/1/20 renewals or as a re-creation.
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