Reinsurance Collateral

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.

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

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

New Phase of Vesttoo Reinsurance Scandal Opens with NY Lawsuit