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. The move is expected to provide loss protection related to hurricanes in the Northeast U.S. and storms around Hawaii.
Was this article valuable?
Here are more articles you may enjoy.
Mustard Maker Caught Pumping Pollutants Into River for Years and Lying About It 
Electric Bills in Coal Country West Virginia Now Top Mortgage Payments 
Ex-CEO, Ex-CFO of Bankrupt AI Company Charged With Fraud 
Marsh Aims to Be ‘AI Winner’ by Focusing on Gains in Growth, Productivity, Efficiency From This Issue
