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 ...

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.

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

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

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 ...

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 ...