Vesttoo nabs ILS industry veteran for global head of capital markets role
Alternative risk transfer and insurance-linked investment platform Vesttoo has hired an ILS industry veteran, formerly CEO and co-founder of Rewire Securities and Merion Square Capital, to head up its global capital markets team with a focus on capital raising and business development.
As the global head of capital markets, Stefano Sola (pictured) will be responsible for raising capital commitments for Vesttoo’s various products, including its flagship insurance-linked program (ILP) – a fund that will invest in a diversified portfolio of P&C insurance risks modeled by Vesttoo’s proprietary AI. Additionally, he will be tasked to grow relationships and partnerships with financial institutions, banks, investment banks, and funds to increase the capacity, asset allocation, sales, and distribution of Vesttoo’s financial products.
Sola is a seasoned C-suite executive with experience in the international investment banking, asset management, and corporate sectors, as well as ground-up design, start-up, and management of new ventures, including licensed broker dealers and licensed investment advisors. He boasts a track record in planning, implementing, and driving results through turn-around strategies, M&A activity, and IPO execution in different market cycles. Sola also has an in-depth understanding and development of new corporate financing, capital raising, and investment strategies and implementation from both a corporate perspective as well as a banking and institutional investor.
Vesttoo uses artificial intelligence to model non-catastrophe insurance-linked investments, providing insurers with additional capacity from the capital markets while providing investors with access to low volatility assets whose returns are uncorrelated to market trends.
Yaniv Bertele, CEO and co-founder of Vesttoo, said: “It gives me tremendous pleasure to announce the joining of Mr. Sola to our team. His expertise and track record are second to none, and he is joining Vestoo at a crucial moment. We are constantly reminded of the importance of Vesttoo’s role in allowing investors to diversify their portfolios. Sola’s extensive experience in international finance and his deep relationships with major global financial and insurance institutions will help us expand our abilities and make our product more readily available than ever.”
Sola commented: “It is extremely exciting to join Vesttoo at this time. With the current financial atmosphere and potential recession on the horizon, they are only thriving and reaching new heights. I look forward to taking part in their ambitious vision and growth phase.”
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