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The second session of the 2024 Reinsurance and Excess Surplus Lines Symposium: Riding the Winds and Waves of Change. This content is exclusive to event registrants for 60 days. Collateralized reinsurance plays an important role in the reinsurance marketplace, especially for MGA’s and fronting companies, by incorporating third-party capital and ensuring liquidity when claims arise. However, in 2023 the insurance industry was exposed to more than $4 billion of alleged fraudulent letters of credit facilitated through fintech start up Vestoo. Learn from the experts on this panel about important considerations from a legal and regulatory perspective to avoid collateral damage.