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9 August 2023Insurance

Vesttoo unveils new CEO to steer through ‘extremely difficult’ time

Vesttoo, the alternative risk transfer and insurance-linked investment insurtech embroiled in a crisis since the discovery of fake collateral, has installed a new chief executive officer (CEO) to lead the company in its efforts to recover from the scandal. The move comes after the Israeli company pushed out its CEO and co-founder Yaniv Bertele alongside a raft of senior executives, and announced the liquidation of its Bermuda P&C entity.

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