Clear Blue and subsidiaries record nearly $50mn in reinsurance charges
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Clear Blue and subsidiaries record nearly $50mn in reinsurance charges

Farhin Lilywala
September 11, 2023
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Fronting carrier Clear Blue and its subsidiaries took $49.6mn in reinsurance charges for the write-down of collateral on run-off business in relation to Vesttoo and Corinthian Group, according to delayed Q2 statutory financial filings.

The company also said it has secured the replacement of all reinsurance on its ongoing portfolio of business through third-party reinsurers and an affiliated reinsurer.

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Farhin Lilywala
Section Editor, Distribution & Specialty
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