POPA ReconRe Raises Strategic Investment From Coinbase Ventures
Re Raises Strategic Investment From Coinbase Ventures Re has secured a strategic investment from Coinbase Ventures as it pushes to bring reinsurance capital onchain. The project aims to open one of the world’s largest and most traditional financial markets to a broader pool of investors. Reinsurance is the capital that backs insurers when large claims hit, and Re says it has already written $500 million in premiums through its licensed reinsurance entity, covering nearly one million U.S. households. The company expects to add another $400 million in new business this year and reach a $1 bil…
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