Vesttoo
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Brian Kirwan, Douglas Min and Omar Ali have been appointed as general managers of Europe, Korea and the UAE, respectively. -
The Cayman Islands reinsurer will source underwriting risk for a new feeder fund investing in non-cat securities.
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The firm said he would oversee transactions and assist in growing AuM.
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Daniel Butzbaugh will work at the company’s New York office and lead its cat and industry loss warranty transactions.
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The business acts as a transformer, allowing traditional asset managers the chance to participate on collateralised (re)insurance transactions.
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Robert Schumaker will lead the firm’s programme to bring in investors for securitised insurance risk.
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CEO Bertele said poor macroeconomic conditions caused by the pandemic could be an opportunity for investors to become more involved in non-cat risk.
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The start-up aims to place $1bn in capacity this year.
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