# Re

> Re is a global transaction layer for insurable risks, enabling people and businesses to navigate an uncertain future while they work towards creating a better one.

Re is building the internet's capital market for insurance risk — the world's largest, oldest, and least digitized financial market. Insurance is a $7 trillion annual market. Every business, every government, every human being participates in it. Yet it has no exchange, no real-time settlement, and no transparent pricing.

## Overview

- Website: https://re.xyz
- App: https://app.re.xyz
- Documentation: https://docs.re.xyz
- Transparency Dashboard: https://transparency.re.xyz
- Reinsurance (Cover Re): https://www.coverre.xyz

## What Re Does

Re provides onchain access to regulated reinsurance. The protocol connects capital providers to real insurance risk, generating yield from actual insurance premiums — not financial engineering or token emissions.

### Products

- **reUSD**: A yield-bearing digital asset backed by real insurance premiums from a diversified, low-volatility reinsurance portfolio.
- **reUSDe**: A yield-bearing digital asset available alongside reUSD in specific permitted jurisdictions.

### How Yield Works

When a hurricane doesn't hit, the premiums paid by homeowners flow through to the capital providers who took that risk. That is real yield. Re's yield comes from real economy cashflows — insurance premiums that exist because coverage is needed, not because narrative is needed.

## Corporate Structure

- **Resilience Foundation Company ("Resilience Foundation")**: An Exempted Limited Guarantee Foundation Company incorporated in the Cayman Islands (IC-414560). Operates the "re" brand and website at re.xyz.
- **Resilience (BVI) Ltd ("Resilience BVI")**: A company incorporated in the British Virgin Islands. Affiliate of Resilience Foundation providing administrative, operational, or token-related services.
- **Resilience Inv SPC ("Resilience SPC")**: A Segregated Portfolio Company incorporated in the Cayman Islands. Maintains segregated portfolios of digital assets on behalf of Resilience Foundation.
- **Cover Reinsurance SPC Ltd. ("Cover Re SPC")**: A Class B(iii) licensed exempted segregated portfolio company incorporated in the Cayman Islands. Conducts all regulated reinsurance activities including underwriting of risks and issuance of reinsurance contracts.

Resilience Foundation, Resilience BVI, and Resilience SPC do not provide insurance or reinsurance services, do not act as an insurance broker or agent, and do not hold a license to conduct insurance business.

## Key Facts

- Global insurance market: $7 trillion annually
- Global reinsurance market: $800B+
- Annual yield potential: 8-16%
- Protection gap (past decade): $1.8 trillion in uninsured losses
- Insurance risk has low correlation to traditional financial assets
- The last structural innovation was the catastrophe bond, invented in 1997

## Underwriting Portfolio

$337M low-volatility, diversified insurance portfolio:
- Small Business Commercial: 45% ($150M premium)
- Commercial Auto: 29% ($97.4M premium)
- Workers Compensation: 14% ($46.2M premium)
- Homeowners Insurance: 11% ($38.5M premium)
- Personal Auto: 1% ($4.6M premium)

## Three Pillars

1. **Real Economy Cashflows**: Premiums exist because coverage is needed. Premium cadence, diversification metrics, earned premiums.
2. **Verifiable Solvency**: Solvency can be checked onchain. Attestations, audits, custody architecture.
3. **Underwriting Discipline**: A real risk shop. Defined risk limits, cat-light posture.

## Infrastructure Being Built

Re is building four layers of infrastructure for the insurance risk capital market:

1. **Data & Modeling** — Underwriting Data, Exposure Models, Catastrophe Models
2. **Pricing & Execution** — Pricing Engines, Legal Wrappers, Settlement Rails
3. **Risk Management** — Claims System, Collateral Management, Bordereaux
4. **Trust & Transparency** — Regulatory Rails, Secondary Liquidity, Transparency

## Access Restrictions

reUSD and reUSDe are available exclusively to non-U.S. persons (as defined in Regulation S under the Securities Act of 1933, as amended) in specific permitted jurisdictions. Use is strictly prohibited for persons or entities located in, or residents of, the United States, its territories, or any jurisdiction where such access would be contrary to local law.

KYC/AML screening is mandatory for all participants.

## Risk Disclosures

- Digital assets and DeFi involve significant inherent risks including market volatility, regulatory uncertainty, and technical vulnerabilities
- Purchasing, holding, or utilizing reUSD and reUSDe involves significant risk including potential total loss of principal
- Tokens are not bank deposits and are not insured by any governmental agency
- Past performance is not a reliable indicator of future results
- All content is provided on an "as-is" basis without warranties of any kind
- Re does not provide investment, financial, legal, accounting, or tax advice

## Leadership

- Karn Saroya — CEO & Co-Founder

## Pages

- [Home](https://re.xyz)
- [Thesis](https://re.xyz/thesis)
- [Terms of Service](https://re.xyz/terms)
- [Privacy Policy](https://re.xyz/privacy)
- [Legal Disclosures](https://re.xyz/disclosure)
- [Full LLM Context](https://re.xyz/llms-full.txt)