Allianz, Swiss Re place ‘world’s first’ legally binding reinsurance contract on blockchain
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Allianz, Swiss Re place ‘world’s first’ legally binding reinsurance contract on blockchain

Marcel Le Gouais
06 April 2022
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Allianz and Swiss Re have placed a legally binding cat excess-of-loss (XoL) reinsurance contract on blockchain technology in a placement described as a “world first” by the software company that enabled it.

B3i said the placement covers one of Allianz’s core cat reinsurance contracts, including key submission parts, final terms and contractual clauses binding to both carriers.

The

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Topics

News Allianz Swiss Re Reinsurers Property treaty
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Marcel Le Gouais
Deputy Editor
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