Aon Unit Accuses Chinese Bank Of $2.8B Reinsurance Fraud​​​​​​​

By Ganesh Setty

An Aon PLC subsidiary has accused one of China's largest banks in New York state court of helping a now-bankrupt insurtech company engage in a multibillion-dollar scheme to defraud the subsidiary and cedent insurers in reinsurance transactions, seeking to recover at least $140 million in lost premiums from the bank.

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