Vesttoo

The motion seeks discovery of information and documents about the structure and operation of White Rock’s cells.

Inside P&C’s morning summary of the key stories to get you up to speed fast.

The company has also been appointed to the statutory committee of unsecured creditors in Vesttoo’s bankruptcy case.

Executives emphasized the importance of taking on enough risk to have "skin in the game” in the wake of Vesttoo’s bankruptcy and noted that the use of LOCs may require additional layers of risk management.

Executives on the morning panel at the Inside P&C conference discussed current market cycles, return on capital, E&S growth, and Vesttoo.

The InsurTech claims five former staff, including the CEO and CFO, forged signatures and impersonated bank staff.

A Delaware judge has ruled in favour of Vesttoo’s automatic stay in the bankruptcy case.

The Official Committee of Unsecured Creditors is turning the spotlight on Vesttoo’s current board and management.

Most of the broker’s clients have incurred losses below or about equal to ceded premiums and only one with losses exceeding ceded premiums.

The company also said that it has secured the replacement of all reinsurance on its ongoing portfolio of business through third-party reinsurers and an affiliated reinsurer.

Inside P&C’s morning summary of the key stories to get you up to speed fast.

Yu Po provided 79% of supposed capacity behind the 65 transactions closed by Vesttoo since 2020.