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 (ALOC) Facility, an efficient, off-balance sheet solution for companies to post collateral for Casualty insurance programs.
We see this as a game-changing solution for companies where high collateral requirements are the norm. Restoring their working capital capacity can substantially improve their operational capabilities, making it easier for them to adapt to market conditions and pursue growth opportunities.
Visit convergencepointsolutions.com or read the full press release here.
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