Opinion: The challenges of cleaning up the Vesttoo fallout
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Opinion: The challenges of cleaning up the Vesttoo fallout

Fiona Robertson
09 August 2023
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Clearing up after the faked letters of credit linked to transactions facilitated by Vesttoo will not be an easy or quick task, as various challenges confront brokers and cedants in the weeks ahead.

These include sourcing retroactive or legacy coverage for prior-year exposures, operational challenges in swapping fronting partners and rising costs for reinsurers to replace fronted business on opportunistic terms.

The

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Vesttoo Opinion MGAs/MGUs Brokers Monte Carlo 2023
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