Vesttoo looks to Wells Fargo after Swiss Re to support growth

Artificial intelligence-powered global alternative reinsurance and investment platform  Vesttoo has further strengthened its leadership with another high-profile hire as it looks to establish and grow its insurance risk transfer and investment platform.

Robert Hauff's (pictured) hiring follows that of former Swiss Re CEO Jacques Aigrain, who recently joined the start-up to lead its advisory board as chairman.

Hauff is Wells Fargo Securities' former insurance industry expert, and brings two decades of insurance industry expertise to Vesttoo. He formerly served as the managing director of fixed income research at Wells Fargo Securities.

In his new role as Vesttoo's portfolio manager, Hauff will establish the investment strategy for the insurance linked programme (ILP), which enables asset managers and pension schemes to earn long-term, sustainable alpha by pledging existing assets, rather than directly allocating cash, to support short and mid-term Life and P&C alternative risk transfer transactions. In addition, Hauff will oversee day-to-day operations of the programme, lead research for insurance-linked opportunities, and serve as one of Vesttoo's primary liaisons to insurers and investors.

"We are thrilled to add Robert – one of the foremost insurance analysts in the sector – and his deep understanding of fixed income and capital markets," said Yaniv Bertele, CEO and founder of Vesttoo. "As a highly accomplished leader within the financial services industry, and an expert in leading growth initiatives, Robert will help Vesttoo bridge the reinsurance funding gap with our ILP programme."

Hauff added: " Vesttoo is the perfect opportunity for me – combining advanced technology with sound alternative investments. This is the future of the industry. They have been extremely successful at bringing together insurers and investors and expanding the alternative reinsurance market. I'm excited to join their global team and help deliver results for our clients and industry partners."

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