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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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.

Homeowners of America taps parent to plug gap from Vesttoo fraud

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

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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