Insurance broker Aon Plc was accused in a civil lawsuit of helping cause the collapse of Vesttoo Ltd., an Israeli insurance startup once valued at $1 billion that went bankrupt after disclosing ...

Creditors to Vesttoo’s bankruptcy trust have filed a lawsuit against Aon and China Construction Bank (CCB) alleging ...

Investing.com -- Aon, the world's second-largest insurance broker, is facing a lawsuit alleging fraud related to its ...

Aon (AON) has faced legal turmoil, with a lawsuit alleging fraudulent practices linked to its Collateral Protection Insurance product impacting the insurance sector and leading to Vesttoo's bankruptcy ...

The Vesttoo Creditors Liquidating Trust, an independent fiduciary appointed by the U.S. Bankruptcy Court for the District of ...

Aon, the world’s second-biggest insurance broker, is being sued for alleged fraud over its role in marketing a new form of insurance that helped start-ups raise money.

Insurance broker Aon is being sued by a trust representing creditors to the bankrupt technology company Vesttoo for alleged fraud over its role in marketing insurance-linked securities, The Financial ...

In the latest twist in the long-running Vesttoo saga, where fraudulent collateral was found to be sitting behind reinsurance ...

Israeli fintech company Vesttoo said on Wednesday it named Ami Barlev as interim chief executive officer, replacing Yaniv Bertele, who was in charge during a fake collateral scandal.

Israeli fintech company Vesttoo is in "active discussions" with potential investors to find alternative collateral for clients after a fake collateral scandal, a company spokesperson said on Monday.

In 2022, Vesttoo agreed to provide up to $1 billion of capital-markets-sourced reinsurance capacity to Clear Blue, which is based in Charlotte, North Carolina and Guaynabo, Puerto Rico.

Vesttoo Ltd said on Tuesday its valuation has more than tripled to $1 billion after the insurance risk transfer platform secured $80 million in late-stage funding at a difficult time for private ...