Beazley would seek to recover impaired reinsurance premium after Vesttoo exposure
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Beazley would seek to recover impaired reinsurance premium after Vesttoo exposure

Aisling Finn
27 July 2023
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Beazley has said it was “very confident” in its reinsurance cover after analysts asked the firm about its exposure to Vesttoo, but if it had impaired trades, it would seek to replace the cover and recover its premium outlay.

As this publication reported, Vesttoo – which has said it found “collateral inconsistencies” in letters of credit backing its transactions – has provided reinsurance cover to the firm.

While

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Aisling Finn
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