Aon Accused of Contributing to Collapse of Startup Vesttoo

Insurance broker Aon Plc was accused in a civil lawsuit of helping cause the collapse of Vesttoo Ltd., an Israeli insurance startup once valued at $1 billion that went bankrupt after disclosing certain documents underpinning its business were falsified.

A trustee responsible for recovering money for creditors of Vesttoo, which filed Chapter 11 in 2023 and subsequently liquidated, is suing Aon, according to a complaint unsealed Wednesday in Delaware bankruptcy court.