Vantage pushes property cat reinsurance off balance sheet
Class of 2020 start-up Vantage has stopped writing property catastrophe reinsurance risk on its balance sheet and is offering clients collateralised capacity instead after it raised third-party funds, this publication can reveal.
The move follows in the wake of Axis Re exiting property cat and Tokio Marine Kiln halting all treaty reinsurance business this year, as carriers look to reduce their exposure to the volatile and underperforming line of business.
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