After a hearing held on Friday in the Supreme Court of Bermuda, an order has been filed that sanctions th...
$1bn of London Bridge 2 capital flow targeted for 2024: CFO Keese
According to Lloyd's Chief Financial Officer (CFO), Burkhard Keese, the London Bridge 2 PCC insurance-linked securities (ILS) structure is targeted...
According to Lloyd's Chief Financial Officer (CFO), Burkhard Keese, the London Bridge 2 PCC insurance-linked securities (ILS) structure is targeted...
Article / 4 hours ago
Vesttoo case: Chapter 11 plan confirmed. Focus now turns to Bermuda
The modified and amended Chapter 11 bankruptcy plan of liquidation for insurtech Vesttoo got its court approval late yesterday, as the Delaware judge...
The modified and amended Chapter 11 bankruptcy plan of liquidation for insurtech Vesttoo got its court approval late yesterday, as the Delaware judge...
Article / 30 days ago
Vesttoo case: Settlement agreement closer, as creditors and JPL's near compromise
Creditor parties in the bankruptcy of insurtech Vesttoo are much closer now to an agreement on the settlements that had provisionally been reached...
Creditor parties in the bankruptcy of insurtech Vesttoo are much closer now to an agreement on the settlements that had provisionally been reached...
Article / 30 days ago
Vesttoo case: Constructive trust & cell issues persist, as JPL's object to settlements
The joint provisional liquidators (JPL’s) to the cells of the Aon White Rock SAC vehicle that were affected by the Vesttoo letter of credit (LOC) in...
The joint provisional liquidators (JPL’s) to the cells of the Aon White Rock SAC vehicle that were affected by the Vesttoo letter of credit (LOC) in...
Article / 1 month ago
Vesttoo creditors, Beazley, Porch settle on bankruptcy plan & Vesttoo Bay XIX funds
Another settlement agreement has been reached between the Official Committee of Unsecured Creditors in the Vesttoo bankruptcy case and two of the...
Another settlement agreement has been reached between the Official Committee of Unsecured Creditors in the Vesttoo bankruptcy case and two of the...
Article / 1 month ago
Tel Aviv court dismisses Vesttoo's claim against co-founders & execs accused of fraud
The Tel Aviv District Court has dismissed insurtech Vesttoo's initial attempt to claim damages from its two ousted co-founders...
The Tel Aviv District Court has dismissed insurtech Vesttoo's initial attempt to claim damages from its two ousted co-founders...
Article / 1 month ago
Vesttoo creditors, Chaucer settle over $18.9m funds & segregated cell ownership
Another settlement has now come to light thanks to the mediation between Vesttoo bankruptcy creditors, with specialty insurance and reinsurance...
Another settlement has now come to light thanks to the mediation between Vesttoo bankruptcy creditors, with specialty insurance and reinsurance...
Article / 1 month ago
Vesttoo case mediation completed with "several" settlements said reached
The recent mediation between parties involved in the Vesttoo Chapter 11 bankruptcy proceedings has now been completed and a report from the mediator says
The recent mediation between parties involved in the Vesttoo Chapter 11 bankruptcy proceedings has now been completed and a report from the mediator says
Article / 1 month ago
Vesttoo creditors, Clear Blue settle on bankruptcy plan and Vesttoo Bay XIV funds
The Official Committee of Unsecured Creditors in the Vesttoo bankruptcy case has reached a proposed settlement with fronting specialist Clear Blue
The Official Committee of Unsecured Creditors in the Vesttoo bankruptcy case has reached a proposed settlement with fronting specialist Clear Blue
Article / 1 month ago
Vesttoo reinsurance transaction funds said co-mingled, depleted. Unclear what is left
At a Vesttoo Chapter 11 bankruptcy case hearing, counsel for the official creditor committee said that in working to identify and trace funds...
At a Vesttoo Chapter 11 bankruptcy case hearing, counsel for the official creditor committee said that in working to identify and trace funds...
Article / 2 months ago