Beazley would seek to recover impaired reinsurance premium after Vesttoo exposure
  • X
  • LinkedIn
  • Email
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Email

© 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

Beazley would seek to recover impaired reinsurance premium after Vesttoo exposure

beazley logo cyber general 2023.png

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

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
Gift this article