Vesttoo creditors sue Aon, China Construction Bank

The lawsuit claims Aon and CCB enabled the creation of fake LOCs that triggered Vesttoo’s bankruptcy and widespread insurance sector losses.

Ralph Martinez

August 15, 2025

•

3 min read

MEMBERS ONLY

Continue reading with a free account.

Get access to in-depth analysis, breaking news, and exclusive features across APAC insurance.

• Free daily briefing in your inbox each morning

• 7-day trial of premium intelligence

• No credit card required

Existing user?

Sign in here

Read next

OIC cuts Thai insurance growth outlook as Middle East conflict raises costs

June 4 2026

The regulator pointed to higher claims costs, tighter reinsurance appetite and pressure on trade-exposed lines as external volatility feeds into the sector.

Thailand's OIC puts insurers at centre of resilience push as risks and costs rise

June 2 2026

The regulator is reshaping the insurance market through a five-year plan that extends regulatory reach to entire corporate groups, tightens capital standards, and pushes insurers to close the country's...

chinas-nfra-issues-new-regulatory-framework-for-insurance-asset-management-firms

China issues new regulatory framework for insurance asset management

June 1 2026

NFRA has set out requirements across four key pillars, while stressing firms must pursue high-quality development and compete in an orderly way to prevent market chaos.

fortegradb-insurance-merger-receive-tiptree-shareholder-approval

South Korea's DB Insurance completes US$1.65bn acquisition of Fortegra

June 1 2026

Fortegra will operate independently under its existing leadership as the two companies target growth across the US, Europe and Asia.