Fronting firm MS Transverse notes “immaterial” exposure to Vesttoo collateral issue
Reinsurance News - Jul 20, 2023
Fronting company MS Transverse has released a statement in light of the alleged issues with letters of credit (LOC) used as collateral for transactions facilitated by insurtech Vesttoo, explaining that the latter only participates on one program with MS Transverse, and that it believes any impairmen...
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