This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. The modified and amended Chapter 11 bankruptcy plan of liquidation for insurtech Vesttoo got its court approval late yesterday, as the Delaware judge signed off on a last minute term sheet related to...
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Africa Specialty Risks, a pan-African focused reinsurance group, has announced a new partnership with a leading European reinsurer to double its parametric risk transfer capacity, with this new arrangement facilitated by broker Inver...
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Creditor parties in the bankruptcy of insurtech Vesttoo are much closer now to an agreement on the settlements that had provisionally been reached, as well as on the plan of bankruptcy and liquidation,...
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. 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 reinsurance fraud have objected to settlements reached...
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Gallagher Specialty, the broking arm of the Gallagher group that deals with large multinational clients, is another company looking to ride the current rising wave of interest and growth in parametric insurance, by...
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Another settlement agreement has been reached between the Official Committee of Unsecured Creditors in the Vesttoo bankruptcy case and two of the affected cedents, in this case Beazley and Porch, with these cedents...
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Morocco’s government received a $275 million payout from its parametric earthquake insurance policy after the devastating earthquake that occurred in 2023 and the parametric policy has been renewed again, to provide a similar...
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. The Tel Aviv District Court has dismissed insurtech Vesttoo’s initial attempt to claim damages from its two ousted co-founders and the persons that worked to source investors, who were implicated in the letter...
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Another settlement has now come to light thanks to the mediation between Vesttoo bankruptcy creditors, with specialty insurance and reinsurance group Chaucer and the Official Committee of Unsecured Creditors agreeing a way forwards...
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. The recent mediation between parties involved in the Vesttoo Chapter 11 bankruptcy proceedings has now been completed and a report from the mediator says that “several” settlement agreements have been reached, while negotiations...