Vesttoo pivots to ‘quick, private sale’ instead of restructure
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Vesttoo pivots to ‘quick, private sale’ instead of restructure

vesttoo logo Boardroom.jpg

Troubled ILS InsurTech Vesttoo’s interim CEO Ami Barlev is aiming to secure a “quick, private sale” for the company to “maximise value”, according to court documents.

The plan is a departure from Vesttoo’s earlier efforts to restructure the company, which is subject to a lawsuit by Aon and subsidiary White Rock, following accusations of falsifying letters of credit (LoCs).


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