Vesttoo 2

🎙️ #insurtechtalk  by #InsurTechLAEpisode 104In this episode, Emilio Figueroa, CEO of Indemnity Labs, and Dario Luna, Managing Partner of Akua Capital, join Gilad Shai to discuss the latest development (August 8, 2023) in the Vesttoo unfolding drama - a drama around a fake letter of credit (LOC) involving China Construction Bank and the impact it had on the ILS marketplace and exposure on the Corinthian Group and others.⚠️ The facts are not clear! The information that we have is based on information published by newspapers.There are audits in place and an FBI investigation.Between the recording of this episode and its publishing, Vesttoo's board named Ami Barlev, a board member, as interim CEO.Chapters:0:15 Malta, Gibraltar, and Bermuda2:56 Vesttoo part two9:20 Due Diligence 13:30 Crisis response15:13 Control and Anti-fraud measures 20:00 Board of Directors - Proactive instead of Reactive24:02 Being optimistic - rebuild29:12 Web3 and trust32:00 Rating agenciesSignup for our angel syndication:https://www.insurtech.me/Don't forget to subscribe:https://www.youtube.com/channel/UCuaq2V4L3mu4D7e9iDQy7Hw#insurtechtalk #insurtech #insuretech #instech #insurance #innovation #mga #startup #venturecapital #InsurTechLA