Technology firm Vesttoo has appointed insurance-linked securities (ILS) industry veteran and investment executive Stefano Sola as global head of capital markets.
Based in New York, Sola will be responsible for leading Vesttoo’s global capital raising for Vesttoo's various products, including its insurance-linked programme (ILP).
Sola will also be responsible for business development — building and maintaining 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 has experience in the international investment banking, asset management, and corporate sectors, as well as ground-up design, start-up, and the management of new ventures, including licensed broker-dealers and licensed investment advisors.
He also has experience in new corporate financing, capital raising, and investment strategies.
Vesttoo utilises 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.
Commenting on his new role, Sola says: "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."
Yaniv Bertele, CEO and co-founder of Vesttoo, comments: "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."
