Vesta Insurance Group’s operating units have completed an insurance securitization transaction through the private placement of $50 million in catastrophe reinsurance-linked notes and common stock. The move is expected to provide loss protection related to hurricanes in the Northeast U.S. and storms around Hawaii.
Was this article valuable?
Here are more articles you may enjoy.
New York Contractor Charged with $160K Workers’ Comp Insurance Fraud 
Viewpoint: Reinsurance Market to Experience Further Softening, M&A on Ample Capacity 
Willis Towers Watson Accuses Lockton of ‘Smash and Grab’ of Construction Team 
25 Years Later: IJ’s Past and Continued Coverage of the Insurance Impact of 9/11 From This Issue
