Blockchain-powered Re has raised $14 million in seed funding led by Tribe Capital, Defy and Exor among others. CEO Karn Saroya, also CEO of established insurtech player Cover, plans to build a Lloyd’s-esque platform that “settles any kind of insurance risk in a way that’s transparent to regulators, partners and investors”. Re has also announced that David Hampson, former CEO of Willis Programs – part of Willis Group Holdings – has joined the company as a strategic advisor and independent board member. 

Source: Coin Desk

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