Vesttoo lines up industry veterans from AIG, Allianz to lead global expansion
Alternative risk transfer and insurance-linked investment platform Vesttoo has ramped up its global expansion with the hiring of seasoned executives, formerly of Allianz and AIG, to lead its operations in Europe, Asia, and the United Arab Emirates.
The company has tapped new general managers in London, Seoul, and Dubai to oversee market penetration in their respective geographies, helping Vesttoo achieve its capacity target of $7 billion.
The new global leaders include Brian Kirwan as general manager of Vesttoo Europe, Douglas Min of Korea, and Omar Ali of its UAE business.
Kirwan boasts over 30 years of experience in the insurance, reinsurance, alternative risk, and structured credit industries. He was previously CEO of Allianz Global Corporate and Specialty UK. In his new role, Kirwan will be overseeing Vesttoo’s operations in the UK and mainland Europe.
Min will oversee Vesttoo's Korean operation and its growth. Previously, he was CEO of AIG Korea. In more than 35 years of international re/insurance experience, he has held various senior roles in business development, underwriting, and risk and is an associate of the Casualty Actuarial Society.
Finally, Ali brings over a decade of compliance and legal experience across the investment sector, holding leading positions at Investbridge Capital and Mirabaud Middle East. He will establish, operate and grow Vesttoo’s business in the United Arab Emirates, including recruiting talent and facilitating local investor relationships and brand awareness in UAE.
Using AI-based risk modelling, Vesttoo offers investors flexible insurance-linked investments adjusted to risk appetite, with returns “well above industry benchmarks”. Insurers, on the other hand, get direct access to capacity originating from the capital markets with an “efficient, accurate, and cost-effective” risk transfer solution.
Yaniv Bertele (pictured), chief executive officer and co-founder of Vesttoo, said: WOur 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.”
Did you get value from this story? Sign up to our free daily newsletters and get stories like this sent straight to your inbox.
