Swiss insurance investment specialist completes first blockchain cat bond transaction

Posted On: Aug. 7, 2017 4:00 AM CST

Swiss insurance and reinsurance-linked investment specialist Solidum Partners A.G. has completed a $14.8-million private catastrophe bond transaction, the first to be settled using a private blockchain, Artemis.bm reported. The transaction was issued using Solidum Partners' transformer vehicle Solidum Re (Guernsey) ICC Ltd., with one cell named Dom Re IC Ltd. Dom Re issued the notes, due 2023, to six investors, which are all insurance-linked securities' funds.