08/01/2024
In the dynamic world of casualty insurance, where unforeseen events can translate into significant losses, insurers navigate a fine line between risk mitigation and competitive pricing. For large deductible programs, collateral is a crucial tool in this equation. In this article, Quentin Hills delves into the rationale behind collateral requirements and explores the financial considerations that drive this practice. It also illustrates the need for an alternative solution.
Convergence Point Solutions has developed a groundbreaking alternative – the Alternative Letter of Credit (ALOC) Facility, an efficient, off-balance sheet solution for companies to post collateral for their Casualty insurance programs.
Read the full article here.
Mitchell K. Smith, President of Life & Executive Benefits, has been named one of the top Financial Security Professionals in New York-NYC on Forbes’ fourth annual Best-in-State list!
Posted on 08/01/2024
With a proven track record of preserving clients’ wealth over the long term, Mitch exemplifies excellence in the insurance industry and has truly earned this recognition. Forbe...
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Managing Principal Mitchell K. Smith shares his insight in Aspire magazine on working with high-net-worth clients, meeting their expectations, and making conversations more effective.
Posted on 05/20/2024
With so many insurance products and financial services in the market, advisors specializing in a “niche” can have many meanings. The latest issue of Aspire Magazine looks insid...
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Vanbridge and GreensLedge Announce Joint Venture and Launch of Alternative Letter of Credit (ALOC) Facility
Posted on 12/05/2023
GreensLedge and Vanbridge announced today the formation of their joint venture company, Convergence Point Solutions (CPS), and the launch of its Alternative Letter of Credit (A...
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