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.

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

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