Fronting
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It is understood that the three firms are in the late stages of the process, with a September deal targeted. -
The consequences of Vesttoo will hurt the fronting companies, but the changes are less important than the role it plays in uncovering what was already there.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The business is set to launch as the fronting market passes through a tumultuous period following the revelation of a major fraud involving Vesttoo.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The 777 Partners-backed fronting company retained Howden Tiger Capital Markets & Advisory last year as it was brought to market for a potential recap.
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The executive said Vesttoo’s crisis “may delineate some parts of the fronting market”.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The firm said it will use the results of an analysis being conducted by experienced investigators to "take appropriate measures”.
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The ratings agency is currently in discussions with Clear Blue’s management regarding the company’s ability to replace certain programs or letters of credit.
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The agency said it will take rating actions where warranted.
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