On March 9, 2020, Relay Platform announced they have secured a US$3 million funding. Relay Platform also announced it has released its first online Software-as-a-service (“SaaS”) solution after two years of development and testing. The Relay platform delivers a user-friendly interface to structure, secure and track complex risk placements.
Relay Platform is an insurtech venture making the process of structuring and securing reinsurance and large insurance placements simpler and faster. Relay helps reinsurance ceding teams, insurance underwriters and brokers quickly turn placement data into visual coverage towers, then use them to secure and manage quotes.
Osler, Hoskin & Harcourt LLP advised Relay Platform with a team consisting of Chad Bayne, Gary Marshall and Isaac da Silva Aboo (Emerging & High Growth).