John Carolin becomes the new CEO of B3i ahead of platform launch

Layer 1s • July 17, 2019, 8:36AM EDT
The Block

Insurance-focused blockchain company, B3i Services AG, has officially got a new chief executive officer.

Having served as interim CEO since March, John Carolin has now been appointed the role for the longterm. The company boasts 40 clients from re/insurance and is aiming to create a standardised, cheaper model to share data and transfer policies between industry-players using a distributed ledger. 

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Carolin joined the company in March 2018 as Chief Financial Officer and in recent months has been overseeing work on the company’s flagship product - the XOL reinsurance platform. The system is built on R3's Corda blockchain and will be launched at the end of this month following testing, focused on the reinsurance space: "the practice whereby insurers transfer portions of their risk portfolios to other parties."

“I look forward to leading the B3i team as we execute on a bold vision to enable better insurance through frictionless risk transfer,” said Carolin.

About Author

Isabel is The Block's London and European reporter. She previously reported for Reuters in Madrid and London, following on from her time as a freelance journalist for the Guardian and the New York Times. She has a Bachelors in War Studies from King’s College London and a Master of Philosophy from the University of Oxford. Conflict of Interest: Edward Woodford, the CEO of SeedCX, is Isabel's brother. She does not report on any issues related to Seed or advise other authors in any regard.

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