Vesttoo: ‘Appears procedures were circumvented’ following LOC controversy

26 July 2023

ILS platform Vesttoo has said that it appears “at a minimum” that its “procedures were circumvented” following reports of alleged fraudulent letters of credit (LOCs) that were used as collateral in some of its transactions.

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Topics

News InsurTech Vesttoo Operations/tech

Jairo Ibarra

Senior Reporter