White Rock pursues Vesttoo for $136.7mn to replace LoCs
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White Rock pursues Vesttoo for $136.7mn to replace LoCs

Rachel Dalton
14 August 2023
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Aon’s ILS transformer platform White Rock is pursuing beleaguered InsurTech Vesttoo for reparations of $136.7mn to replace allegedly fraudulent letters of credit (LoCs), court documents reveal.

The move comes after White Rock secured a court order last week preventing Vesttoo from moving assets out of its bank accounts before any of the forthcoming arbitrations between the firm and its clients.

According

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Rachel Dalton
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