Insights

Essays, research, and updates from the team building the capital market for insurance risk.

Announcements/August 11, 2026/5 min read

reUSD is Live on Solana

reUSD is now live on Solana, bridgeable from Ethereum mainnet via Chainlink CCIP. Markets are live on Kamino and Jupiter Lend.

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Announcements/August 3, 2026/7 min read

Performance Update: July 2026

Re closed July with its first whole-account reinsurance treaty and its first reUSDe redemption window, alongside TVL growth to $581.13 million and two new reUSD integrations.

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Ecosystem/July 29, 2026/8 min read

Auditing the Oracle: Re's Sherlock Security Review

Re's NAV oracle, which publishes the daily onchain price of reUSD and reUSDe, completed an independent security audit with Sherlock. The review produced zero High-severity findings, and all six Medium and Low/Informational issues were resolved before the audit report was published.

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Reinsurance 101/July 20, 2026/9 min read

Why Insurers Buy Reinsurance

Reinsurance is more than a backstop for extreme losses: it's structural to how insurers stabilize earnings, access expertise, and free up capital for growth.

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Reinsurance 101/July 15, 2026/8 min read

Re Protocol's Token Suite, Explained: reUSD, reUSDe, and $RE

A breakdown of Re Protocol's three-token system. reUSD and reUSDe are yield-bearing deposit tokens that fund reinsurance collateral, while $RE is the governance instrument that lets holders shape the protocol itself.

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Announcements/July 14, 2026/9 min read

Re is Among the First Protocols to Apply to Exchanges With Audited Financials

Re became the first Web3 protocol to submit independently-audited financial statements as part of an exchange listing, proving to exchanges and tokenholders alike that the business behind $RE is solvent, revenue-generating, and real.

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Announcements/July 9, 2026/7 min read

reUSDe: How to Redeem

A step-by-step guide to the first reUSDe redemption window (July 9–22), covering how to submit a request, track pro-rata fulfillment, and claim your sUSDe payout in the Re App.

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Announcements/July 7, 2026/7 min read

Karn Saroya on Rollup: $RE Goes Live

On The Rollup, Re CEO Karn Saroya breaks down why the business is refocusing on growth after its TGE, what the $RE token is designed to do, and how Re's first-loss structure sets it apart from other reinsurers.

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Announcements/July 2, 2026/6 min read

Governance Opens, Portfolio Grows to $510M

In June, Re's underwriting portfolio grew to $510.5 million, the $RE governance token launched publicly across 27 venues, and total value locked approached the $600 million threshold.

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June 30, 2026/7 min read

reUSDe Redemptions, Live

Redemptions are gated by actuarial release as the underlying insurance programs mature and loss development clarifies. The first reUSDe redemption window opens July 9 and stays open through July 22.

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News/June 29, 2026/8 min read

Re Protocol Opens Governance to the Public

Re Protocol, the onchain reinsurance marketplace already carrying close to $600 million in TVL, opened governance to public participation on June 18, 2026, distributing the $RE governance token across a coordinated set of global venues.

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Announcements/June 26, 2026/9 min read

Karn Saroya on Bankless

Re CEO Karn Saroya joined the Bankless podcast to explain how Re is building an onchain reinsurer modeled on Lloyd's of London, bringing transparent, stablecoin-backed capital to a $700B market.

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Announcements/June 22, 2026/12 min read

Half a Billion in Business, Compounding 5× a Year

Re has written $510.5M bound premiums, providing coverage for more than 700,000 U.S. policyholders and the homes, cars, and small businesses they depend on.

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Ecosystem/June 19, 2026/6 min read

Verifiable Asset Backing: How Re Proves Its Reserves Are Real

Re's verifiable solvency architecture combines Fireblocks custody, Chainlink Proof of Reserve reporting, independent smart contract audits, and layered operational controls — so capital protection is a verifiable condition, not a claim.

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Announcements/June 18, 2026/14 min read

Resilience Foundation Launches $RE

Today, the Resilience Foundation is proud to announce the public launch of $RE, the ERC-20 governance token for the Re Protocol.

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Announcements/June 17, 2026/6 min read

Re Raises Strategic Investment from Coinbase Ventures

Re raises strategic investment from Coinbase Ventures to bring reinsurance capital onchain. Re's reUSD token is already live on Coinbase's Base network.

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Announcements/June 5, 2026/7 min read

Why Governance Exists at Re

Reinsurance is the critical financial infrastructure nobody sees, and Re is rebuilding it to be open, transparent, and governed by the people who depend on it.

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News/June 4, 2026/7 min read

Performance Update: May 2026

TVL is reaching $500 million, the underwriting portfolio reaches $409 million across 48 programs and 49 U.S. states, and the re Token Generation Event is coming soon.

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Reinsurance 101/June 3, 2026/8 min read

Re and the Uncorrelated Market, Rewiring Where Yield Comes From

Re makes reinsurance, a structurally uncorrelated asset class, available onchain for the first time, offering DeFi users a return stream driven by events like accidents and property claims rather than crypto market cycles.

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Announcements/May 26, 2026/3 min read

Resilience Foundation to Launch The RE Governance Token

Resilience Foundation today confirmed the upcoming Token Generation Event for the RE token — the ERC-20 governance instrument for an internet-native insurance capital market that already carries a multi-billion-dollar commercial pipeline.

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Ecosystem/May 23, 2026/6 min read

Stablecoins Hit $320B. RWAs Grew 10x. Reinsurance Is Next.

DeFi spent its first decade competing for 3% of global finance. The rails for the other 97% have finally been built. Re is the first protocol positioned to hold real reinsurance capital at institutional scale.

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Ecosystem/May 19, 2026/4 min read

What $358 Million in Broker Trust Looks Like at Cover Re

Cover Re places $358M of premium through eight broking partners, seven of whom rank in the global top ten. The panel is a deliberate study in scale, diversification, and earned trust.

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News/May 15, 2026/6 min read

What the Clarity Act Gets Right About Distribution Structure, and Why Re Fits In

Re's reUSD generates distributions from insurance premiums — not stablecoin holdings, not leverage, not token emissions.

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Ecosystem/May 13, 2026/5 min read

What We Heard at Consensus Miami, and Why Re Was Ready for It

Consensus Miami confirmed what Re has been building toward: institutional capital is looking for real revenue, credible risk infrastructure, and structured exposure. Here's what we heard, and where Re stands.

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Announcements/May 11, 2026/10 min read

Performance Update: April 2026

$100 million moved from liquid backing into Cover Re SPC to fund diversified underwriting activity, as the platform's $358 million portfolio continues to scale.

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Announcements/May 11, 2026/7 min read

Welcoming Blanca Qin as Our New Head of Casualty

Blanca joins from RenaissanceRe, where she structured and priced casualty reinsurance treaties across a range of cedants and programs.

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Ecosystem/May 8, 2026/7 min read

$475M TVL Re Transitions From LayerZero to Chainlink CCIP To Expand Distribution of reUSD

$475M TVL Re Transitions From LayerZero to Chainlink CCIP Expanding reUSD Distribution Following an internal evaluation of cross-chain infrastructure, Re is migrating from LayerZero to Chainlink CCIP as its exclusive bridging infrastructure to power the expansion of reUSD across the multi-chain ecosystem. The most secure cross-chain solution. Today we’re sharing that Re, the leading onchain reinsurance protocol with $475+ million TVL, has conducted an internal cross-chain in

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April 28, 2026/7 min read

The Institutional Case for Onchain Reinsurance

Re is already operating at institutional scale as an onchain reinsurer with real underwriting performance, broker-driven distribution, and three years of regulatory infrastructure.

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Announcements/April 14, 2026/5 min read

Resilience Foundation Subscribes for $100M Principal-At-Risk Note

On April 2, 2026, the Resilience Foundation transferred $100M into Cover Re SPC, Re’s supporting reinsurance company, via a surplus note…

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News/April 10, 2026/3 min read

Welcoming Paul Rigby as Our New General Counsel!

As Re scales, we’re building the team to match. Today, we’re excited to introduce our new General Counsel.

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April 7, 2026/6 min read

Performance Update: March 2026

We’re sharing an operating performance update to keep you informed on Re’s portfolio positioning, and approach to capital and risk as of…

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Ecosystem/April 2, 2026/4 min read

The Most Powerful Players in Insurance Are the Ones You’ve Never Heard Of

Insurance power doesn’t sit with the companies you see, it sits upstream with reinsurers who control capacity and dictate what the market…

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March 31, 2026/4 min read

From Disasters to Data, Re is Building a Live Ledger of Global Risk

Spin the globe on Re’s World’s Risk Ledger for ten seconds and you’ll see the pattern immediately. An earthquake flashes along the Pacific…

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March 18, 2026/9 min read

RWAs Are Becoming the Trust Layer for AI Agents

RWAs × AI Agents RWAs Are Becoming the Trust Layer for AI Agents, Re Builds What They Need to Scale RWAs bring real-world yield into crypto. But the bigger story is that they may become the infrastructure AI agents rely on to transact, allocate capital, and manage risk onchain. * While RWAs are framed as a way to bring stable yield into DeFi, their deeper role is as foundational infrastructure that connects blockchain to real-world economic activity. * Most tokenized RWA

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Ecosystem/March 13, 2026/10 min read

How Losses Flow at Re

Re's capital stack absorbs losses in a defined order — Re's own equity first, then the mezzanine tranche, leaving reUSD as the most protected position in the structure.

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March 13, 2026/4 min read

How Losses Flow at Re: Understanding the Senior & Junior Capital Structure

Re is turning underwriting into a capital stack backed by real-world insurance premiums. Here’s how reUSD, reUSDe, and Re’s capital layer…

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Ecosystem/March 10, 2026/3 min read

Re x Ink: Bridging Reinsurance Onchain, Starting With reUSD on Ink

Today, Re is announcing a collaboration with Ink, an Ethereum Layer 2 from the team that brought you Kraken.

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February 25, 2026/5 min read

Karn Saroya on House of Chimera: Can Reinsurance Become a Real-Time Capital Market?

Karn Saroya, CEO of Re, joined an X Space with House of Chimera to break down what reinsurance is, why it matters, and why bringing risk…

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February 19, 2026/4 min read

Climate Volatility Is Reshaping Reinsurance, Infrastructure Determines Who Can Scale

Insurance markets are tightening as volatility rises, pushing premiums up, coverage terms tighter, and some regions dropped entirely.

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February 17, 2026/6 min read

Premium-Backed Yield: A New Source of Stablecoin Returns Beyond Fees and Incentives

Stablecoin yield is not one category, it comes from five sources: incentives, fees and spreads, credit and intermediation, basis and carry…

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January 20, 2026/4 min read

Karn Saroya on The Rollup: How is Re Bringing Reinsurance Onchain at Real Scale?

Reinsurance underpins the global economy, and Re founder Karn Saroya explains why putting it onchain is not just logical, but inevitable:

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January 14, 2026/4 min read

Reinsurance Basics

Most people only ever see the surface of insurance. You buy a policy. You pay a premium. If something goes wrong, you file a claim and…

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January 12, 2026/3 min read

The State of the Reinsurance Market at Year-End 2025 — And How Re Is Navigating It

In 2025, the reinsurance market grew significantly in size, but returns became more constrained.

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January 6, 2026/4 min read

How Empires Learned to Survive Risk

Today, large systems are surprisingly resilient. Ships sink, cities flood, companies fail, and yet trade continues, with food still moving…

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December 30, 2025/5 min read

Re’s Year in Review: Scaling Reisurance Risk Onchain

The third quarter of 2025 established Re as a leading onchain reinsurance protocol. With a 92% combined ratio, $168.8M in written premiums…

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December 29, 2025/4 min read

Building Trust in Onchain Reinsurance: Inside Re’s Independent AUP Review

Re is built to bring reinsurance risk onchain and connect it with capital in a transparent and disciplined way. The infrastructure behind…

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December 16, 2025/4 min read

Inside Re’s Capital Stack: How reUSD and reUSDe Unlock Insurance Yield

The Re protocol is a decentralized reinsurance platform that bridges the reinsurance market with blockchain technology. This enables…

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December 15, 2025/3 min read

How Re Scales Reinsurance Capacity Through Selective, Capital-Gated Growth

Re has evaluated 187 potential reinsurance programs representing more than $18.3 billion in premiums so far this year. That figure…

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December 8, 2025/3 min read

GENIUS Sets the Standard, Strengthening Re’s Stablecoin Onramp

The GENIUS Act, passed in July 2025, is the U.S.’s first law focused on regulating payment stablecoins. Unlike broader crypto legislation…

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December 1, 2025/4 min read

The Predictable vs. The Catastrophic: Why Re Bets on Frequency, Not Severity

In DeFi, we’ve learned to distinguish between different types of risk. There’s a world of difference between providing liquidity to a…

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November 25, 2025/3 min read

Fed Printing Money: What It Means for Re, Crypto, and Onchain Reinsurance

The Federal Reserve is expanding the money supply again. On December 1, 2025, the Fed will officially end quantitative tightening, the…

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November 24, 2025/3 min read

Re Authorizes $134M in Reinsurance Heading into Peak Renewal Season

As we enter the busiest time of year in reinsurance, Re is moving forward with significant momentum: we’ve authorized $134 million in…

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November 20, 2025/2 min read

Why Workers’ Comp Matters: Real People, Real Stakes

Workers’ Compensation is one of those quiet systems most people never think about, until the moment something goes wrong. But when an…

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November 13, 2025/4 min read

Re Q3 2025: Connecting Risk to Capital

Re’s third quarter of 2025 marks a defining milestone in our mission to bridge decentralized finance with real-world insurance markets…

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November 12, 2025/3 min read

reUSD Liquidity Surpasses $10M on Pendle, and Now Expands to Morpho

Reinsurance yield continues its march across DeFi.

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November 10, 2025/4 min read

Re Is the Safe Harbour for Real-World Yield

Mirror, mirror on the wall, who’s the fairest of them all? It’s a question that could just as easily be asked of the modern decentralized…

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November 4, 2025/3 min read

Re x Spectra: Reinsurance Yield Becomes a Market

Reinsurance yield is about to get a lot more interesting.

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October 22, 2025/3 min read

reUSD Is Now Live as Collateral on Silo Finance

At Re, we’re excited to announce that reUSD is live on Silo Finance, unlocking new capital efficiency for holders across the Avalanche…

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October 15, 2025/2 min read

Re Integrates Chainlink Proof of Reserve To Enhance Transparency of Offchain Reinsurance Collateral

Re selected Chainlink as the firm’s preferred decentralized computing platform due to Chainlink’s proven track record of securely…

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October 7, 2025/3 min read

Why Re Audits Every Line: Our Security-First Infrastructure

Security is Foundation, Not an Afterthought

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October 6, 2025/3 min read

Introducing Capital Liquidity in Reinsurance

For decades, reinsurance has operated on an assumption few outside the industry would accept: that capital must be trapped. Allocators…

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August 16, 2023/2 min read

Smart Contracts and Crypto: Navigating Blockchain’s Transformative Impact on Underwriting

The reinsurance industry has made great strides over the decades to provide protection and peace of mind to customers. Though processes are…

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