Vesttoo, the insurtech that uses proprietary artificial intelligence and machine learning to help companies assess and transfer risk to capital markets, has hired a number of top members to lead its global expansion as as the company strives to meet its $7 billion capacity goal.
Today, Vesttoo announced the expansion of its leadership team to include industry veterans who will lead its offices in London, Seoul and Dubai, responsible for overseeing the company’s market penetration in Europe, Asia and the Emirates.
In London, Vesttoo revealed a major hire of Brian Kirwan as managing director of Vesttoo Europe, where he will be responsible for overseeing its operations in the UK and mainland Europe. Kirwan brings over 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 Related Markets at Allianz ART.
Douglas Min, former CEO of AIG Korea, has been appointed Managing Director of Vesttoo Korea, to oversee the company’s Korean operations and growth. He has over 35 years of experience in the global insurance and reinsurance industry, having held senior positions in business development, underwriting and risk.
Additionally, Omar Ali joins Vesttoo UAE as Managing Director, where he will establish, operate and grow the company’s business in the UAE, including recruiting talent and facilitating relationships with local investors. Ali brings over a decade of compliance and legal experience to this position and previously held senior roles at Investbridge Capital and Mirabaud East Limited.
Yaniv Bertele, Chief Executive Officer (CEO) and Co-Founder of Vesttoo, said: “Our number one goal is to create diversified insurance-related investment options with multiple access points for investors – and we recruited talented leaders to help us do just that.
“Brian, Douglas and Omar bring a wealth of experience and an unrivaled network to our team. I’m proud to see them join the Vesttoo family and look forward to working together in the future.
Vesttoo adds that its global expansion is expected to continue with local offices in Hong Kong, Switzerland and Japan. The company plans to announce the direction of these new offices in the near future.
These appointments follow the addition of Faraz Khan, who most recently worked in ILS and the retrocession of reinsurance firm Swiss Re, as a new hire to help drive its Insurance Linked Program (ILP) .
As Vesttoo continues to develop its insurance-linked investment offering, we recently sat down with portfolio manager Rob Hauff to discuss how Vesttoo is working to unlock new categories of insurance risk and reinsurance for investors.
