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.
Topics Catastrophe
Was this article valuable?
Here are more articles you may enjoy.
Indiana Church Not Owed Replacement-Cost Payment for Fire Damage 
Insurify’s Founders Discuss Evolution of Insurance Shopping With AI 
Meta Loses Insurance for Defense in Major Social Media Addiction Litigation 
After Florida Charged People With Selling Insurance Licenses, 12 More Arrested 
