NYDIG Brings Bitcoin to $6 Trillion Global Insurance Industry — Partners With Starr, Liberty Mutual, New York Life

NYDIG Brings Bitcoin to $6 Trillion Global Insurance Industry — Partners With Starr, Liberty Mutual, New York Life
фото показано с : news.bitcoin.com

2021-4-10 18:30

New York Digital Investment Group (NYDIG), the bitcoin investment arm of Stone Ridge Asset Management, is creating bitcoin-powered products and services for the $6 trillion global insurance industry. The company has formed strategic partnerships with major insurers, including Starr, Liberty Mutual, New York Life, and Mass Mutual.

Tapping Into $9 Trillion Insurance Industry

NYDIG, a leading provider of technology and investment solutions for bitcoin, is bringing BTC to the global insurance industry. The company revealed on Thursday a plan to create “bitcoin-powered products and services for the $6 trillion/year global insurance industry.”

Having previously raised funds from New York Life and Mass Mutual, two major insurers focusing on life insurance and annuities, NYDIG has now “raised $100 million of additional growth capital” from property and casualty (P&C)-focused insurers. They include Starr Insurance and Liberty Mutual.

“The global property & casualty (P&C) industry is huge, paying out over $1 trillion in claims annually. I am excited to welcome Starr and Liberty Mutual to NYDIG, as part of our expansion of bitcoin into new areas of insurance,” commented Robert Gutmann, co-founder and CEO of NYDIG.

Ross Stevens, CEO of Stone Ridge and Executive Chairman of NYDIG, expressed:

Fiat depreciation causes inflation in fiat premiums, while collapsing the purchasing power of claims. We see a brighter bitcoin-powered future for the billions who depend on the insurance industry every year … We will be working tirelessly to enable new bitcoin-denominated products for global insureds.

Hank Greenberg, Chairman and CEO of Starr said: “We’ve been broadly and successfully investing with Ross and the Stone Ridge team across their various initiatives for years, including as a founding NYDIG investor in 2017.”

if (!window.GrowJs) { (function () { var s = document.createElement('script'); s.async = true; s.type = 'text/javascript'; s.src = 'https://bitcoinads.growadvertising.com/adserve/app'; var n = document.getElementsByTagName("script")[0]; n.parentNode.insertBefore(s, n); }()); } var GrowJs = GrowJs || {}; GrowJs.ads = GrowJs.ads || []; GrowJs.ads.push({ node: document.currentScript.parentElement, handler: function (node) { var banner = GrowJs.createBanner(node, 31, [300, 250], null, []); GrowJs.showBanner(banner.index); } });

In tapping into the $9 trillion global insurance industry, Mike Sapnar, CEO of Transre, one of the world’s largest reinsurers, is joining NYDIG as Global Head of Insurance Solutions. He will oversee all of NYDIG’s insurance activities, with a focus on “accelerating bitcoin-driven innovation in the global property and casualty (P&C) industry.”

For the U.S. insurance industry, Matt Carey, NYDIG’s U.S. Head of Insurance Solutions, will be focused on bitcoin-powered solutions for U.S.-based insurers. He was formerly co-founder and CEO of Blueprint Income, the largest online annuity marketplace in the U.S., which was recently acquired by Mass Mutual.

What do you think about the insurance industry adopting bitcoin? Let us know in the comments section below.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 98468.21 (+0.14%)
Объем 24H $43.12b
Изменеия 24h: -0.32 %, 7d: 8.89 %
Cегодня L: $97633.19 - H: $98572.23
Капитализация $1948.351b Rank 1
Цена в час новости $ 58534.72 (68.22%)

industry investment nydig york new insurance bitcoin

industry investment → Результатов: 126


NYDIG привлекла $100 млн от страховых компаний

Ориентированная на крупных игроков платформа New York Digital Investment Group (NYDIG) привлекла дополнительные инвестиции в размере $100 млн. We're excited about these new strategic partnerships that will expand our presence to new sectors of the global insurance industry.

2021-4-8 16:54


Blockchain as a Service Protocol Stratis Attracts Investment From Alphabit Digital Currency Fund

Blockchain technology has taken on various forms since the introduction of Bitcoin and continues to evolve even today to meet the industry’s ever-changing demands and needs. Businesses and companies could benefit enormously from blockchain, but integrating distributed ledger technology is often expensive and time-consuming.

2021-2-2 12:00


World’s Largest Asset Manager Looking for a Blockchain Lead

The role, titled ‘Vice President, Blockchain Lead,’ appears to be the first venture BlackRock has made in the cryptocurrency space. But will this addition to its team help set a new standard in the investment industry? On closer inspection of the advertisement, onlookers can gain a stronger feel for the type of position that BlackRock … Continued The post World’s Largest Asset Manager Looking for a Blockchain Lead appeared first on BeInCrypto.

2020-12-28 17:57


Ethereum-траст от Grayscale стал подотчетной SEC компанией

Grayscale Ethereum Trust стал компанией, подотчетной Комиссии по ценным бумагам и биржам США (SEC). ANNOUNCEMENT: @Grayscale #Ethereum Trust is now an SEC reporting company! This marks an incredible milestone for the product, my team, and the digital currency industry -- $ETHE is now the 2nd digital currency investment product to become SEC reporting (following our $BTC Trust) pic.

2020-10-13 19:51


Deal Flow - July 2020

Welcome to Deal Flow, a monthly report on investment in the blockchain space. Deal Flow provides a comprehensive listing of new capital raises, mergers and acquisitions, ICOs, IEOs, and STOs. The report identifies industry trends and follows the money with expert analysis and commentary - providing essential market intelligence for professional crypto investors.

2020-8-7 12:00


Фото:

Indian Prime Minister Modi cites investment opportunities in the Blockchain industry

Similar to many other Asian countries, India has seen a rise in the use of digital currencies. But the reception from its government has not been the most favorable. However, there are new developments that are giving the Indian Cryptocurrency ecosystem good reasons to believe that most of the restrictions against the use of digital […]

2020-7-24 16:26