Vesttoo continues its global expansion with new managing directors in Europe, South Korea and the United Arab Emirates
TEL AVIV, Israel, March 3, 2022 /PRNewswire/ — vesttoo, an AI-powered insurance-linked investment platform, today announced the global expansion of its leadership team to include key industry veterans who will manage the company’s offices in London, Seoulas well as dubai. Veteran executives include the former CEO of Allianz Global Corporate and Specialty UK, the former CEO of AIG Korea and a former senior executive at Investbridge Capital. They will oversee Vesttoo’s market penetration by Europe, Asiaand the Emirates, and will contribute to achieving the company’s objectives $7 billion capacity goal.
“Our number one goal is to create diversified insurance-linked investment options with multiple access points for investors – and we have recruited talented leaders to help us achieve this,” said Yaniv BerteleCEO and co-founder of Vesttoo. “Brian, Douglas and Omar bring a wealth of experience and an unparalleled network to our team. I am proud to have them join the Vesttoo family and look forward to working together in the future.”
The veteran world leaders are:
- London: Brian Kirwan – Managing Director, Vesttoo Europe
Mr. Kirwan is a respected industry veteran with over 30 years of experience in the insurance, reinsurance, alternative risk and structured credit industries. Building on expertise gained in previous roles such as CEO of Allianz Global Corporate and Specialty UK, he will be Managing Director of Vesttoo EU, overseeing the company’s operations in the UK and on the Continent. Europe.
- Seoul: Douglas Min – Managing Director, Vesttoo Korea
Mr. Min will oversee Vesttoo’s Korean operations and growth. Previously, he was CEO of AIG Korea. In addition to 35 years of international (re)insurance experience, he has held various senior positions in business development, underwriting and risk and is a Fellow of the Casualty Actuarial Society.
- dubai: Omar Ali – Managing Director, Vesttoo UAE
Mr. Ali has over a decade of compliance and legal experience in the investment industry, holding senior positions at Investbridge Capital and Mirabaud Middle East Limited. He will establish, operate and grow the Vesttoo business in the United Arab Emiratesincluding recruiting talent and facilitating local investor relations and brand awareness in the UAE.
The fast-growing company offers investors diversified and uncorrelated investments, assuming the risk and returns of a group of insurance policies. Using AI-based risk modeling, Vesttoo is able to offer investors flexible insurance-linked investments tailored to risk appetite, with returns well above industry benchmarks. Transparent technologies open the door to rating agencies, which can now provide ratings for transactions. Insurers, meanwhile, benefit from direct access to capacity from the capital markets through an efficient, accurate and cost-effective risk transfer solution.
Vesttoo’s expansion will continue with local offices in hong kong, Switzerlandand Japan. The management of these offices will be announced shortly.
Additionally, Vesttoo recently recruited an industry veteran Julia Henderson, who has held key positions in the reinsurance industry at RenaissanceRe, Nephila Capital, Brit and Stable, to its advisory board. Vesttoo has also strengthened its Bermuda office with Chief Compliance Officer Akilah Wilson, who held senior positions at the Bermuda Monetary Authority for nearly a decade. Furthermore, Nick Grahamformerly responsible for raising capital in the business development team of Broad River Asset Management, joined the new York office as associate vice president of business development.
Vesttoo is the world’s leading marketplace for risk transfer and investments based on Life and P&C insurance. Our proprietary AI-powered technology facilitates risk transfer between insurance companies and institutional investors, delivering insurance-linked investments to asset managers of all types while improving risk transfer and liquidity in the life insurance and non-life insurance markets. For more information, visit https://vestoo.com.
Media Contact: Liran Grünhaus, [email protected]