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

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.

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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.