Published: Tue 25 Jul 2023

AM Best warns fronting carriers facing possible collateral-related rating actions

AM Best has confirmed it is “monitoring the rapidly evolving situation” regarding Vesttoo and concerns over fraudulent collateral, and warned fronting carriers and other insurers that they may face rating actions.

InsurTech and innovation

Insurance

Vesttoo

AM Best

Collateralised

Middle East

Published: Tue 25 Jul 2023

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AM Best warns fronting carriers facing possible collateral-related rating actions

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