Aon (AON) has faced legal turmoil, with a lawsuit alleging fraudulent practices linked to its Collateral Protection Insurance product impacting the insurance sector and leading to Vesttoo's bankruptcy ...

In the latest twist in the long-running Vesttoo saga, where fraudulent collateral was found to be sitting behind reinsurance ...

Creditors to Vesttoo’s bankruptcy trust have filed a lawsuit against Aon and China Construction Bank (CCB) alleging ...

The Vesttoo Creditors Liquidating Trust, an independent fiduciary appointed by the U.S. Bankruptcy Court for the District of ...

Fraud Unraveled: In mid-2023, an internal audit uncovered that over $3–4 billion in LOCs supposedly backing reinsurance deals ...

Aon, the world’s second-biggest insurance broker, is being sued for alleged fraud over its role in marketing a new form of insurance that helped start-ups raise money.

Investing.com -- Aon, the world's second-largest insurance broker, is facing a lawsuit alleging fraud related to its ...

Insurance broker Aon Plc was accused in a civil lawsuit of helping cause the collapse of Vesttoo Ltd., an Israeli insurance startup once valued at $1 billion that went bankrupt after disclosing ...

A roundup of all the news you need, including Swiss Re's H1 results.

Uri Levine, cofounder of traffic navigation app Waze, which was acquired by Google for $1.1 billion in 2013, is setting up a ...

Insurance broker Aon is being sued by a trust representing creditors to the bankrupt technology company Vesttoo for alleged fraud over its role in marketing insurance-linked securities, The Financial ...

The Vesttoo Creditors Liquidating Trust has filed a lawsuit in the US Bankruptcy Court for the District of Delaware against ...