Vesttoo’s planned ILS deal was running credit risk and Root exposure
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn

© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.


Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Cookies Settings

Vesttoo’s planned ILS deal was running credit risk and Root exposure

Fiona Robertson
July 20, 2023
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
vesttoo logo july 2023.png

AM Best analysis of Vesttoo’s planned cat bond has underscored a high degree of structural and credit risk, along with a large exposure to auto risks from InsurTech Root Insurance, according to documents seen by this publication.

AM Best had given a preliminary bbb private rating to the Vescor transaction, through which the InsurTech ILS platform had hoped to raise $109mn.

While

Request a free trial:

Fuel a smarter strategy with our actionable market intelligence

    • Gain a competitive edge and accelerate decision-making
    • Be empowered by insights that transform confusion to clarity
    • Uncover growth opportunities and prepare for potential threats
Request a free trial Already a subscriber? Login now

Topics

NewsCasualty/GLInsurTechILSVesttoo
fiona robertson/fiona robertson ii us.png
Fiona Robertson
Editor, Insurance Insider
Contact
Gift this article