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Vesttoo Gets $197 Million for Settlement Pay Outs from Aon

Aon, a major brokering firm, acknowledged that it needed to pay out $197 million to cover settlements related to civil suits leveled against the troubled Israeli insurtech startup Vesttoo. The settlements were related to what were determined to be fraudulent letters of credit used by Vestoo. Aon revealed this in its Q4 2023 report. In […]

Tel avivJosh rurkaYaniv berteleBen zickelEric andersenUdi ginatiVesttoo ltdFormer vesttooAlon lifshitzJewish business newsGeneral insurance

Vesttoo Founders Ordered to Fork Over $30 Million Amid Fraud Scandal

Vesttoo investors allegedly provided fake letters of credit (LOCs) to insurers for reinsurance transactions on the Vesttoo platform

Tel avivJosh rurkaUdi ginatiYaniv berteleBen zickelFormer vesttooAlon lifshitzChief financial officer alon lifshitzJewish business newsGeneral insurance

Vesttoo may be Bermuda s largest insurance fraud ever - The Royal Gazette | Bermuda News, Business, Sports, Events, & Community

Vesttoo may be Bermuda s largest insurance fraud ever - The Royal Gazette | Bermuda News, Business, Sports, Events, & Community
royalgazette.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from royalgazette.com Daily Mail and Mail on Sunday newspapers.

United statesMary walrathBen zickelMichael morrisonVesttoo alphaYaniv berteleUnited states bankruptcy courtCommittee of unsecured creditorsBermuda monetary authorityVesttoo bermudaCharles threshWhite rock insuranceJudge mary walrathWhite rockOfficial committeeUnsecured creditors

Vesttoo Co-Founders Axed by Board in Wake of Scandal

Vesttoo specializes in data-driven risk management solutions for P&C markets, using “cutting-edge technologies to transfer General Insurance

United statesBen zickelYaniv berteleChief financial officer alon lifshitzJewish business newsGeneral insurance

Vesttoo Looks to Bankruptcy While Intel Drops $5 4 Billion Plan to Acquire Tower Semiconductor

Intel has been forced to give up on its planned $5.4 billion acquisition of Israel’s Tower Semiconductor, a leading foundry for analog semiconductor solutions. The reason given was the failure to receive the approval of Chinese regulators for the acquisition. And Vesttoo, an Israeli insurtech startup and a unicorn that has been rocked by recent […]

Ben zickelYaniv berteleIsrael tower semiconductorTower semiconductorIntel tower semiconductorJewish business newsGeneral insuranceRadio frequencyHigh performance analogPower managementMicro electro mechanical systems

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