Fronting

Inside P&C’s morning summary of the key stories to get you up to speed fast.

The firm said it will use the results of an analysis being conducted by experienced investigators to "take appropriate measures”.

The ratings agency is currently in discussions with Clear Blue’s management regarding the company’s ability to replace certain programs or letters of credit.

The agency said it will take rating actions where warranted.

Inside P&C’s morning summary of the key stories to get you up to speed fast.

Clear Blue has put its sales process on hold as the fronting company assesses the implications of Vesttoo’s collateral inconsistencies, this publication has learned.

Inside P&C’s morning summary of the key stories to get you up to speed fast.

Fronting companies typically hold premiums in reserve meaning that credit exposure to letters of credit on Vesttoo transactions should only be required in the event of deteriorating losses.

Inside P&C’s morning summary of the key stories to get you up to speed fast.

Sources said the Pine Brook-backed firm has retained Piper Sandler and will look to formally kick off following the summer.

Ciano was most recently practice leader for management liability with USI Insurance Services.

The fronting carrier’s reinsurance write-down is the first crack in the segment’s impressive edifice – it won’t be the last.