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Vesttoo Gets $197 Million for Settlement Pay Outs from Aon

Published: February 4, 2024

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 […]

Source: jewishbusinessnews.com

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

Published: September 20, 2023

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

Source: jewishbusinessnews.com

Sacked Vesttoo CEO denies knowledge of fraud, says investigation conflicted

Published: September 6, 2023

Former Vesttoo CEO Yaniv Bertele has claimed no knowledge of the "document falsification" that occurred at the company, seeking to distance himself and

Source: artemis.bm