August 2026
DCW Monthly: August 2026
Every industry eventually meets the bill for a problem it saw coming and filed away for later. Michael Byrne, IIBLP&
China Construction Bank
6 articles
DCW Updates
Forged LC Case Underscores Need for Due Diligence
Shockwaves went through the reinsurance industry when reports surfaced in July 2023 that employees of the Israeli insurtech Vesttoo Ltd.
DCW Articles
Directory Yet to Move the eUCP Usage Needle
A survey conducted by DCW reinforces the notion that the eUCP Directory to date has been unable to boost confidence in the rules supplement designed for electronic commercial credits.
DCW Updates
Porch Group Settles with Vesttoo Creditors Liquidating Trust
Porch Group, which has pursued multiple lawsuits in attempting to recover heavy losses from the Vesttoo reinsurance letter of credit
DCW Feature
China Construction Bank Sued Over LC Fraud Connected to Vesttoo
White Rock, an insurance solutions provider owned by Aon, filed a lawsuit on 27 August 2024 against China Construction Bank
DCW Updates
Investigations Expand into Vesttoo LC Fraud Allegations
The US Federal Bureau of Investigation’s (FBI) has reportedly begun its own probe into allegedly fraudulent letters of credit