Aon faces legal actions, Bermuda investigation over Vesttoo collateral issues
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn

© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement



Cookies Settings

Aon faces legal actions, Bermuda investigation over Vesttoo collateral issues

Jairo Ibarra
31 July 2023
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
aon logo boardroom.jpg

Aon has said that certain “clients and counterparties have initiated or indicated that they may initiate legal proceedings” against the company over the alleged fraudulent letters of credit (LOCs) linked to ILS platform Vesttoo.

In its Q2 10-Q filed this afternoon with the SEC, Aon said: “The pending or threatened legal proceedings against the company allege, among other theories of liability, that in certain circumstances the company failed to comply with its alleged...

Request a free trial:

Fuel a smarter strategy with our actionable market intelligence

    • Gain a competitive edge and accelerate decision-making
    • Be empowered by insights that transform confusion to clarity
    • Uncover growth opportunities and prepare for potential threats
Request a free trial Already a subscriber? Login now

Topics

BrokersNewsInsurTechVesttooAon
jairo ibarra/jairo ibarra ii ils.png
Jairo Ibarra
Senior Reporter
Contact
Gift this article