Insurance Insider is part of the Delinian Group, Delinian Limited, 4 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730
Copyright © Delinian Limited and its affiliated companies 2023

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Up to $2.35bn of LOCs that collateralised Vesttoo cells ‘invalid’

vesttoo logo red question.jpg

White Rock has said that around $2.35bn of letters of credit (LOCs) that Vesttoo “purported to procure” to collateralise its segregated accounts “were invalid”, according to court records.