ILS manager debuts blockchain bond

Zurich-based insurance-linked securities (ILS) manager Solidum
said it has issued a private cat bond using a blockchain that will
be opened to other ILS investors.
The firm's reinsurance transformer Dom Re issued the $14.8mn
cat bond lite to six investors, who purchased the notes on the
private blockchain via a Guernsey trust managed by Artex.
The notes are due in 2023.
Solidum Re acted as the permission grantor and sponsor of the
blockchain, which it has named the ILSBlockchain.
The...