Collateralized re: How vulnerable is the MGA market?
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Collateralized re: How vulnerable is the MGA market?

In a post-Vesttoo world, vulnerabilities still exist in the collateralized reinsurance market.

By Farhin Lilywala
April 03, 2024
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MGA-vestoo-shadow.jpg

Vesttoo hit the fronting and MGA markets like a Category 5 hurricane last year after the ILS InsurTech posted fraudulent letters of credit (LOCs) as collateral.

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