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.
’60 Minutes’ Homeowners Ask Court to Force DFS to Divulge Heritage Probe Info 
MAPFRE Accuses AAA of Violating Long-Time Exclusive Marketing Agreement 
Is the AI Boom a Bubble Waiting to Pop? Here’s What History Says 
CRC Group Signs Agreement to Acquire Euclid Transactional From This Issue
