shutterstock_1220932669_resized

1 August 2023Alternative Risk Transfer

Vesttoo cuts staff to ‘regain our footing’ from collateral fiasco

Troubled alternative risk transfer and insurance-linked investment platform Vesttoo will slash staff in a cost-cutting move while management “returns its focus to core services” to get through a fiasco concerning allegedly fraudulent collateral backing deals the group organized.

Already registered?

Login to your account

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Adrian Tapping at atapping@newtonmedia.co.uk

More on this story

Alternative Risk Transfer

Gallagher Re sets up captives risk transfer team

19 December 2025 Will offer solutions for single-parent captives across North America, internationally.

Alternative Risk Transfer

AIG launches $300m Lloyd's syndicate covering portfolio solutions

19 December 2025 Hails novel structure involving an insurer, distributor and private equity.

Alternative Risk Transfer

Deal flow won’t slow as cat bonds slip to single-digit returns: Aon

15 December 2025 Deal pricing points to 7-8% returns in 2026, still enough to draw ‘significant capital.’

More articles

Cyber rates to fall again as growth prospects remain ‘constrained’

Swiss Re closes $400m catastrophe bond for Farmers

Another US federal reinsurance programme goes before Congress

Gallagher Re sets up captives risk transfer team

US homeowners shakes off headwinds, eyes 2026 return to profit

Markel Insurance bolsters war and terrorism underwriting with Axis hire

Mosaic bets on senior hire to head up Americas expansion

NFP looks to USI VP to lead Atlantic region complex property operations

Copyright © intelligentinsurer.com 2024 | Headless Content Management with Blaze