Resolute and Nayms partner on crypto-denominated industry loss warranty (ILW)

Resolute Global Partners, the insurance and reinsurance linked asset manager, has partnered with insurtech Nayms to bring to market the first industry loss warranty (ILW) to be denominated in a cryptocurrency.

Nayms, which operates a regulated Bermuda based marketplace for crypto insurance, said the crypto-denominated industry loss warranty (ILW) was issued through a segregated account within its marketplace.

The ILW sees Nayms providing US named windstorm retrocessional reinsurance covering, attaching above an industry loss trigger of $60 billion.


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