Aon’s White Rock sues CCB to recover $140mn from “sham” Vesttoo transactions

Published: Thu 29 Aug 2024

Aon subsidiary White Rock has sued China Construction Bank (CCB) in New York, arguing that it acted as a “lifeline” to the Vesttoo fraud by issuing fake letters of credit (LOCs) and that the insurtech had “an inside man” at the bank.