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.
Insurance Broker Stocks Sink as AI App Sparks Disruption Fears 
Florida Engineers: Winds Under 110 mph Simply Do Not Damage Concrete Tiles 
State Farm Adjuster’s Opinion Does Not Override Policy Exclusion in MS Sewage Backup 
CFC Owners Said to Tap Banks for Sale, IPO of £5 Billion Insurer From This Issue
