Vesta Capital Insurance Syndicate Inc., a wholly owned subsidiary of Vesta Insurance Group of Birmingham, Alabama, was approved by the INEX Board of Trustees and Illinois Department of Insurance prior to year-end.
Vesta Capital Insurance Syndicate was initially capitalized at $30 million. It will concentrate on securitization transactions and available alternative market opportunities.
Additionally, INEX has purchased RCA Syndicate No. 1 Ltd., by American Safety Holdings Corp., a member company of the American Safety Insurance Group.
INEX is a surplus lines marketplace currently comprised of seven underwriting members whose policyholders surplus exceeds $100 million. INEX members have authority to transact business in more than 40 states and jurisdictions. INEX is also a world marketplace including investors, brokers and customers seeking sound, cost-sensible solutions for insurance and financial risks worldwide.
Topics Underwriting
Was this article valuable?
Here are more articles you may enjoy.
Judge Awards Applied Systems Preliminary Injunction Against Comulate 
Trump’s EPA Rollbacks Will Reverberate for ‘Decades’ 
Portugal Deadly Floods Force Evacuations, Collapse Main Highway 
Trump’s Repeal of Climate Rule Opens a ‘New Front’ for Litigation 
