Securis: collateral release ends reinsurance exposures
ILS fund manager Securis has made its position clear to ICat/Beat Capital that there is no obligation to pay the $13mn+ in reinsurance recoveries claimed by its Syndicate 4242 because of the contractual wordings that cover the release of collateral securing the placement.
If you are a subscriber, please sign back in to read this article
If you are not currently a subscriber please see contact details below