Fronting carriers suggest premium funds will mitigate Vesttoo exposure 
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Fronting carriers suggest premium funds will mitigate Vesttoo exposure 

Fiona Robertson, 
Farhin Lilywala
July 19, 2023
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Vesttoo logo Tel Aviv Israel new 2021.jpg

A scare over “collateral inconsistencies” at Vesttoo will be a “defining moment” for the program and fronting insurance market, but sources say there are multiple “lines of defense” that may help to mitigate credit risk.

As this publication has previously argued, a practice of using part-collateralized reinsurance covers exposes fronting companies to increasing levels of counterparty credit risk.

Vesttoo

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Topics

NewsInsurTechFrontingVesttoo
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Fiona Robertson
Editor, Insurance Insider
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Farhin Lilywala
Section Editor, Distribution & Specialty
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