Swiss Re announced plans to withdraw from its digital B2B2C insurance business, iptiQ, following a strate...
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 / 3 months 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 / 3 months ago
Chaucer: Vesttoo bankruptcy plan "unconfirmable" with "numerous material issues"
International specialty insurance and reinsurance group Chaucer has responded robustly to objections made by other creditors after its recent entry to the...
International specialty insurance and reinsurance group Chaucer has responded robustly to objections made by other creditors after its recent entry to the...
Article / 3 months ago
Vesttoo calls for US bankruptcy case to be dismissed
Insurtech Vesttoo, the company at the heart of a scandal over fraudulent reinsurance letters of credit (LOC), has called for its ongoing US Chapter 11...
Insurtech Vesttoo, the company at the heart of a scandal over fraudulent reinsurance letters of credit (LOC), has called for its ongoing US Chapter 11...
Article / 4 months ago
Ebix Ch. 11 Financing Survives Challenge To $70M Roll Up - Law360
A Texas bankruptcy judge approved a $105 million post-petition financing package in the case of insurance software company Ebix Inc. on Friday, overruling an objection from the Office of the U.S. Trustee concerning a rolling up of $70 million in existing debt.
A Texas bankruptcy judge approved a $105 million post-petition financing package in the case of insurance software company Ebix Inc. on Friday, overruling an objection from the Office of the U.S. Trustee concerning a rolling up of $70 million in existing debt.
law360.com /
Article / 4 months ago
Chaucer looks to protect its Vesttoo-linked transaction cells from other creditor claims
Having recently filed to appear as a creditor in the Chapter 11 bankruptcy case of Vesttoo, international specialty insurance and reinsurance group...
Having recently filed to appear as a creditor in the Chapter 11 bankruptcy case of Vesttoo, international specialty insurance and reinsurance group...
Article / 4 months ago
Vesttoo creditors seek to minimise Aon & equity holder bankruptcy plan votes
The Committee of Unsecured Creditors in the Chapter 11 bankruptcy case of insurtech Vesttoo have objected to broking group Aon being allowed multiple...
The Committee of Unsecured Creditors in the Chapter 11 bankruptcy case of insurtech Vesttoo have objected to broking group Aon being allowed multiple...
Article / 4 months ago
Vesttoo creditors' bankruptcy plan goes to vote, recoveries could be sub-$100m
The plan of reorganisation under Chapter 11 for the bankruptcy of beleaguered insurtech Vesttoo has been conditionally approved by the Delaware court
The plan of reorganisation under Chapter 11 for the bankruptcy of beleaguered insurtech Vesttoo has been conditionally approved by the Delaware court
Article / 5 months ago
Over $4.8bn in claims levelled against Vesttoo entities by bankruptcy creditors
It appears that, in aggregate, creditors to the bankruptcy of forged reinsurance letter of credit (LOC) linked insurtech Vesttoo have filed over $4.8 billion...
It appears that, in aggregate, creditors to the bankruptcy of forged reinsurance letter of credit (LOC) linked insurtech Vesttoo have filed over $4.8 billion...
Article / 5 months ago
Vesttoo assets for liquidation said below $25m. Creditor focus may shift
We're told that the sum total of assets and so value that could be distributed in Vesttoo's pending liquidation under the bankruptcy proceedings...
We're told that the sum total of assets and so value that could be distributed in Vesttoo's pending liquidation under the bankruptcy proceedings...
Article / 6 months ago
