courts-2-
15 August 2023Alternative Risk Transfer

Vesttoo burning $1.5m monthly as of move to bankruptcy

Troubled insurtech ILS platform  Vesttoo is burning through about $360,000 in expenses weekly and would be quickly shuttered on continuation of the court-enforced asset freeze sought by estranged partner White Rock Insurance, Vesttoo has argued in court.

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More on this story

Alternative Risk Transfer
15 August 2023   Vesttoo plots how to ‘aggressively pursue all parties that harmed our business.’
Insurance
14 August 2023   The Porch Group unit had been able to grab some funds from a reinsurance trust early on.