Vesttoo takes ‘painful decision’ to terminate some staff’s contracts
  • X
  • LinkedIn
  • Show more sharing options
  • 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

Vesttoo takes ‘painful decision’ to terminate some staff’s contracts

Rachel Dalton
August 02, 2023
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
vesttoo logo generic plain background 2023.png

Embattled ILS InsurTech Vesttoo has taken the “painful” decision to let go some of its employees as it looks to steady its course following allegations of fraud.

The company became engulfed in controversy last month when problems emerged relating to letters of credit (LOCs) used as collateral in some of its transactions.

Vesttoo’s

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

NewsVesttooTalent
rachel dalton/rachel dalton ii us.png
Rachel Dalton
Lead Reporter
Contact
Gift this article