8 September 2023Alternative Risk Transfer

Vesttoo names founders & former execs as source of ‘billions’ in fraud

Ill-fated ILS insurtech platform Vesttoo has named two of its founders and another handful of former executives as a key source of the fraudulent collateral that led the firm to scandal and its trip to bankruptcy court.

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Vesttoo counters creditors’ claims, fights to forge ahead

24 October 2023 Vesttoo says the committee is ‘disrupting’ its ability to restructure.

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28 September 2023 HOA replaced ca. 84% of its affected reinsurance and may still lean on the group’s captive.

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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