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

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 ...

The suit alleges that Aon “ignored red flags” and encouraged business partnerships despite internal doubts regarding ...

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

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 ...

National Lenders General Agency has a new chief financial officer, effective immediately. On Wednesday, the provider of ...

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

However, the downside risk has to be taken into account. Although Bitcoin’s price is bullish in the longer term, it remains prone to radical corrections. Collateral lenders must factor these potential ...

Unregulated surrogacy and egg trading are endangering women’s lives, turning India’s fertility boom into a public health ...

Women in agriculture and petty traders left Kumasi with renewed optimism after a high-level forum brought them face-to-face ...