Insurance-linked securities (ILS) focused insurtech company Vesttoo has hired its first Head of Underwriting, selecting a respected executive from its local market in Israel to fill the role.
Vesttoo has been on a hiring spree of late, filling a number of global roles, expanding its the capital markets and fund-raising capabilities while also building out a platform for global origination of risks.
But the focus is also on core positions and strengthening its home-base team in Israel, hence this hiring of Einav Nae-Gamliel as the company’s first Head of Underwriting.
Einav Nae-Gamliel has worked in the insurance and reinsurance market in Israel for almost fifteen years and is a qualified lawyer.
Most recently, Nae-Gamliel held the role of Reinsurance Manager at Israeli insurer Menora Mivtachim Insurance Ltd.
Prior to that, Nae-Gamliel worked as a Cyber & Special Risks Insurance Manager at Ramot Insurance Agencies Ltd. in Tel Aviv.
Before that, over five years was spent at global broker Marsh, working as a Client Executive and then as a VP of Business Development, with a focus on financial lines and cyber risks.
Nae-Gamliel also spent almost three years as a Reinsurance Coordinator at Phoenix Insurance Company and before that as a lawyer in insurance companies located in Israel.
The hiring brings another local market expert to Vesttoo, expanding out a headquarters team that are well-connected and have worked together in local market dealings.
As we also recently reported, Vesttoo has established its first underwriting vehicle, a Bermuda based collateralized reinsurance structure and also announced a $1bn capacity target for a partnership with program-fronting specialist Clear Blue.