Victor secures $102.5mn surplus notes from Gallatin Point to fund reciprocal
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Victor secures $102.5mn surplus notes from Gallatin Point to fund reciprocal

Farhin Lilywala
June 23, 2023
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Victor Insurance has secured $102.5mn in surplus notes from Gallatin Point to fund the launch of its new reciprocal Victor Insurance Exchange, this publication has learned.

The reciprocal’s purpose is to deliver additional US property catastrophe capacity to existing and new policyholders of Victor's subsidiary, International Catastrophe Insurance Managers LLC (Icat).

Victor’s

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Farhin Lilywala
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