Aon faces legal actions, Bermuda investigation over Vesttoo collateral issues
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Aon faces legal actions, Bermuda investigation over Vesttoo collateral issues

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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...

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