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14 August 2023 Insurance

Aon strikes back at Vesttoo; names $137m losses in collateral scandal

Aon's Bermudian segregated accounts reinsurance vehicle, White Rock Insurance, will launch an arbitration suit against insurtech ILS platform Vesttoo in the next major move in the unfolding collateral scandal and has already scored a quick temporary injunction to keep possible damages frozen on Vesttoo accounts.

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Alternative Risk Transfer

Vesttoo files chapter 11 bankruptcy to enable legal last stand

15 August 2023 Vesttoo plots how to ‘aggressively pursue all parties that harmed our business.’

Aon / White Rock’s early move on Vesttoo dumped into bankruptcy bucket

16 August 2023 Everybody goes to the long line as Chapter 11 up-ends individual courtroom pursuits.

Alternative Risk Transfer

Vesttoo wraps up inquiry: clears current staff, hush on predecessors

16 August 2023 Carefully-worded statement allows suggestion of role by ousted leaders or staff.

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