Reinsurance News
crypto
Crypto & quantum computing among top risks flagged by Swiss Re
16th June 2022
Crypto assets and quantum computing have been flagged by analysts at Swiss Re as two of the most significant emerging risks for insurers and reinsurers, with the potential to create new risks within the global financial system. Swiss Re's 10th edition of SONAR covers 14 emerging risk topics across technological, economic, ... Read the full article
Relm launches reinsurance business that accepts fiat and crypto
6th April 2022
Relm, an insurance provider to the crypto sector and only commercial insurer globally to hold Bermuda's IIGB License, has launched Relm II, a fully regulated collateralised reinsurance business that can accept both fiat and crypto as collateral. The new business enables the creation of regulated reinsurance capacity for companies operating in ... Read the full article
Boost, Breach, and Relm partner for crypto wallet product
15th February 2022
The companies Boost Insurance and Breach Insurance have developed a crypto insurance product called Crypto Shield for retail wallet holders that is supported with reinsurance backing from Relm. A statement from the two companies said that the product will offer cover for the theft of cryptocurrency while in the custody of ... Read the full article
Evertas becomes Lloyd’s coverholder
4th February 2022
Lloyd’s of London has approved insurer Evertas to become one of its coverholders. This designation, said Evertas, will allow it to expand access to insurance products relating to cryptoassets. As a Lloyd’s coverholder, Evertas will provide insurance capacity to cryptoasset investors. J. Gdanski, CEO of Evertas, said: “The lack of insurance capacity ... Read the full article
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