Aon IP deals linked to Vesttoo collateral issues as fundraise pulled
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • 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 IP deals linked to Vesttoo collateral issues as fundraise pulled

Fiona Robertson, 
Catrin Shi, Adam McNestrie, Rachel Dalton
July 18, 2023
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
Vesttoo and aon logo abstract.jpg

Collateral issues that have emerged at ILS platform Vesttoo are connected to Aon intellectual property (IP) deals, sources said, as the InsurTech halted its Series D fundraise.

This came as Vesttoo released a further statement saying that the letters of credit (LOC) collateral “inconsistencies” related to two specific transactions, which sources said included coverage for mobility provider Superped.

It

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

NewsOperations/techInsurTechBrokersAonVesttoo
fiona robertson/fiona robertson ii us.png
Fiona Robertson
Editor, Insurance Insider
Contact
catrin shi/catrin shi ii us.png
Catrin Shi
Editor-in-Chief
Contact
adam mcnestrie/adam mcnestrie ii us.png
Adam McNestrie
Editor-at-Large
Contact
rachel dalton/rachel dalton ii us.png
Rachel Dalton
Lead Reporter
Contact
Gift this article