RYSKEX to open Connecticut office

RYSKEX, the Berlin-based start-up offering a blockchain-based ecosystem for alternative risk transfer and other innovative insurance solutions, is to open a new office in Hartford, Connecticut.

The new office will be in the Nassau Financial Group building in Hartford. No date was given for the opening of the new office.

The company still has its other offices in Berlin and New York.

Marcus Schmalbach, chief executive of RYSKEX, told Captive international: “We have had very good contacts in Connecticut for a long time, especially with the Connecticut Insurance Department, and Connecticut is a very exciting hotspot for the insurance industry and also for the FINtech scene.”

Schmalbach said that RYSKEX had made contact with Nassau Financial Group’s Laura Dinan Haber and Paul Tyler as part of the podcast series "RE/IMAGINE: THE FUTURE OF RISK & INNOVATION" as they recorded podcasts together on blockchain, alternative risk financing and ESG.

“We are working on similar exciting topics and kindly we have now been invited to push the topics together during next year,” Schmalbach said. “The core research here is on blockchain or smart contracts in conjunction with parametric solutions.”