SAN FRANCISCO, Sept. 28, 2022 /PRNewswire/ -- The launch of Re comes alongside the announcement of a $14 million seed round with participation from Tribe Capital, Defy, Exor, Stratos, Framework, Morgan Creek Digital, SiriusPoint and a number of prominent angel investors.
The protocol, built on the Avalanche blockchain, provides investors with access to a massive and uncorrelated asset class: insurance premiums. While backing insurance policies collectively dates back 334 years to the inception of Lloyd's of London, the business remains opaque and inaccessible to most. Re aims to change that.
"The benefits Re brings to the market are multi-faceted: We're building a decentralized global insurance transaction layer that settles any kind of insurance risk, in a way that's transparent to regulators, partners and investors; administrative overhead will be lower and cost savings will inure to the benefit of insurance companies and policyholders; and finally for Members who provide capital,...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...