In the latest rollout of its Technical Advisory Briefings (TABs), the ICC Banking Commission has issued TAB No. 13, “Confirmation
Six Draft Opinions will be addressed at the next session of ICC Banking Commission’s quarterly discussion of Opinions on
Shockwaves went through the reinsurance industry when reports surfaced in July 2023 that employees of the Israeli insurtech Vesttoo Ltd.
Porch Group, which has pursued multiple lawsuits in attempting to recover heavy losses from the Vesttoo reinsurance letter of credit collateral fraud, has agreed to a USD 7.1 million settlement with Vesttoo Creditors Liquidating Trust over claims relating to a reinsurance transaction for Porch Group subsidiary, insurer Homeowners of America Insurance Company (HOA). Porch Group had contended it was entitled to more than USD 15 million held by the Liquidating Trust.
Israeli insurance company Vesttoo Ltd. had filed for Chapter 11 bankruptcy in August 2023.
In the latest rollout of its Technical Advisory Briefings (TABs), the ICC Banking Commission has issued TAB No. 13, “Confirmation
Six Draft Opinions will be addressed at the next session of ICC Banking Commission’s quarterly discussion of Opinions on
Shockwaves went through the reinsurance industry when reports surfaced in July 2023 that employees of the Israeli insurtech Vesttoo Ltd.
In two judgments issued concurrently on 29 July 2025, the High Court of Singapore has ordered nine former employees of
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