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, according to Dow Jones Newswires. The move is expected to provide loss protection related to hurricanes in the Northeast U.S. and storms around Hawaii.
Topics Catastrophe
Was this article valuable?
Here are more articles you may enjoy.
Amish Mother and 6 Children Killed in Explosion and Fire at Pennsylvania Home 
Florida Needs More – Much More – Wind Mitigation, Say Experts at OIR Summit 
Are ‘Moderate’ Hurricanes Getting Squeezed Out of the Atlantic? 
How Niche Insurance Shielded Bad Bunny From Bad Weather From This Issue
