18 August 2023Alternative Risk Transfer

Bank at centre of Vesttoo fiasco burst onto collateral listings in ‘22

The bank named at the centre of the Vesttoo collateral scandal has dominated growth of collateral deals for insurers over the past year, if you can trust what the insurers accepting that collateral have reported.

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More on this story

Markel jumps into Vesttoo bankruptcy case over $128m fraudulent LOCs

1 September 2023 It claims two LOCs were found to be fraudulent in collateralised reinsurance transactions.

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Aon’s White Rock & BMA to pursue Vesttoo for ‘maximum recovery’

21 August 2023 The pair have launched action in the Supreme Court of Bermuda.

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Vesttoo wraps up inquiry: clears current staff, hush on predecessors

16 August 2023 Carefully-worded statement allows suggestion of role by ousted leaders or staff.

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