Aon IP deals linked to Vesttoo collateral issues as fundraise pulled
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Aon IP deals linked to Vesttoo collateral issues as fundraise pulled

Fiona Robertson, 
Catrin Shi, Adam McNestrie, Rachel Dalton
July 18, 2023
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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

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Topics

NewsOperations/techInsurTechBrokersAonVesttoo
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Fiona Robertson
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Catrin Shi
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Adam McNestrie
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Rachel Dalton
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