Vesta Insurance Completes $50 Million Catastrophe

July 14, 2000

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 a story by Dow Jones Newswires. The move is expected to provide loss protection related to hurricanes in the Northeast U.S. and storms around Hawaii.

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