Vesttoo, the insurtech that uses proprietary artificial intelligence and machine learning to help companies assess and transfer risks to the capital markets, has hired a number of high-profile members to spearhead its global expansion as the company strives towards its $7 billion capacity target.
Today, Vesttoo has announced the expansion of its leadership team to include industry veterans who will lead its offices in London, Seoul, and Dubai, tasked with overseeing the firm’s market penetration in Europe, Asia, and the Emirates.
In London, Vesttoo has revealed a significant hire in Brian Kirwan as General Manager, Vesttoo Europe, where he will be responsible for the oversight of its operations in the UK and mainland Europe. Kirwan brings more than 30 years of industry experience to the role, having previously served as CEO of Allianz Global Corporate and Specialty UK, and as Head of Insurance Linked Markets at Allianz ART.
Douglas Min, previously CEO of AIG Korea, has been named as General Manager, Vesttoo Korea, to oversee the company’s Korean operation and growth. He has over 35 years of global insurance and reinsurance industry experience, having held senior roles in business development, underwriting, and risk.
Additionally, Omar Ali joins as General Manager, Vesttoo UAE, where he will establish, operate and expand the firm’s business in the United Arab Emirates, including recruiting talent and facilitating local investor relationships. Ali brings more than a decade of compliance and legal experience to the role and has previously held leading roles at Investbridge Capital and Mirabaud East Limited.
Yaniv Bertele, Chief Executive Officer (CEO) and Co-Founder of Vesttoo, commented: “Our number one focus is to create diversified insurance-linked investment options with multiple access points for investors – and we’ve recruited talented leaders to help us do just that.
“Brian, Douglas, and Omar bring a wealth of experience and an unparalleled network to our team. I’m proud to have them join the Vesttoo family and look forward to our future work together.”
Vesttoo adds that its global expansion is set to continue with local offices in Hong Kong, Switzerland, and Japan. The company plans to announce leadership for these new offices in the near future.
These appointments follow the addition of Faraz Khan, who most recently worked in ILS and retrocession at reinsurance firm Swiss Re, as a new hire to help drive its Insurance-Linked Program (ILP).
As Vesttoo continues to build-out its insurance-linked investment offering, we spoke with Portfolio Manager Rob Hauff recently to discuss how Vesttoo is working to unlock new categories of insurance and reinsurance risk for investors.