Vesttoo: Updated statement says appears "procedures were circumvented"
Insurtech Vesttoo has issued an updated statement related to the allegations that some of the letter of credit (LOC) collateral,.. Read More
personal Insurance
AM Best to review fronting collateral in light of Vesttoo news
Rating agency AM Best has said that it will review the collateral arrangements of all fronting companies that it provides,.. Read More
Florida at inflection point, but long way to regain semblance of normalcy: ALIRT
The Florida property insurance marketplace is still a long way off becoming a stable environment for carriers to operate in,,.. Read More
About MCCA: Everything Drivers Need to Know.
Frankly speaking, auto insurance can be a bit complicated, especially if you live in Michigan. Due to recent changes in,.. Read More
Swiss Res Vita Capital mortality bond trades down, loss potential rising
The secondary market price for the mortality catastrophe bond transaction that was sponsored by global reinsurance firm Swiss Re,.. Read More
Fronting company Obsidian says Vesttoo exposure "de minimus"
Obsidian Insurance Holdings, Inc., a hybrid program insurance and fronting carrier holding company, has told us that any impact from,.. Read More
Selective says no reinsurance response to elevated Q2 storm losses
One of the trends coming out of the second-quarter is the elevated level of convective storm and severe weather losses,.. Read More
The Hanover renews reinsurance at expiring terms, but catastrophe losses weigh
The Hanover Insurance Group is the latest to reveal a heavy catastrophe loss burden from recent convective storms and severe,.. Read More
SageSure hails use of PCS county-level reporting for new catastrophe bond
SageSure, the specialist independent managing general underwriters of property catastrophe exposed insurance, has hailed its use of the Property Claim,.. Read More
Plenum appoints sustainable investments specialist Rickert to board
Plenum Investments, the Zurich based specialist catastrophe bond and insurance-linked securities (ILS) investment manager, has announced the appointment of Dr.,.. Read More
Hurricane Ian ILS fund side pockets & trapped capital resolution continues
According to our sources, insurance-linked securities (ILS) fund managers are having continued success at closing down certain exposures to last,.. Read More
Clear Blue: No material rating impact from Vesttoo issue. Reinsurance may be required
Program fronting specialist Clear Blue Insurance Group has stated that while it does not expect a material impact to its,.. Read More
