Vesttoo issues highlight importance of sound counterparty risk practices: DBRS
Reinsurance News - Jul 27, 2023
Vesttoo’s issues with allegedly fraudulent letters of credit (LOC) highlight the importance of sound counterparty risk practices for insurers, suggests DBRS Morningstar. Citing various media reports, DBRS Morningstar has said that the allegedly fraudulent LOCs provided to insurers by investors...
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