Clear Blue Insurance Co. and Aon plc will have until June 21 to present motions in Clear Blue’s lawsuit again the broker in a case related to the bankruptcy of insurtech Vesttoo Ltd.
Tag: reinsurance collateral
The Future of Fronting Companies
Fronting companies are facing challenges and greater scrutiny amid the recent Vesttoo scandal and Trisura matter with rating agencies and other stakeholders taking a closer look at the use of LOCs for reinsurance collateral. Following is an overview of the fronting market and what happened over the last several months to put this insurance model in the news.
Vesttoo Case: White Rock Notes 37 LOCs in Question, Representing $2.35B
A new filing in the Vesttoo bankruptcy case provides a more detailed view of the scale of the alleged fraud.