The natural disaster reinsurance market needs new capital for future growth. Telluriq Bermuda addresses an inability to insure property in a world where events such as storms, flooding, earthquakes and volcanic activity are more destructive due to increasing population density in cities, and recovery and rebuild construction costs have increased due to inflation.

Our exchange-traded contract (patent pending) will bring Alternative Capital investment from asset managers and retail clients to the reinsurance market. These financial instruments will enable reinsurers to transfer and exchange catastrophic risk to property. In addition, the design of the financial instrument will allow a more speedy resolution after a natural catastrophe, thus ensuring money is available quickly when it’s really needed to help people rebuild and recover normality.

Transparency of pricing will be assured through listing and trading on global exchanges, initially in Bermuda, the reinsurance capital of the world.
In order to realise the commercial potential of this unique contract, we are working with the Bermudian regulators to construct a working model. The Bermudian government is keen to maintain their position as a leading innovator.

The Bermudian regulator (Bermuda Monetary Authority) has established a sandbox regime in order to trial new products under the Insurance Amendment Act (2019) and under the Digital Assets Business Act (2018).