Swiss Re Insurance-Linked Fund Management

Original Risk: A Society for Change Agents

Vesttoo hires Stefano Sola as Global Head of Capital Markets


Vesttoo has made a key hire, attracting experienced insurance-linked securities (ILS) executive and innovator Stefano Sola to join the company in the role of Global Head of Capital Markets.

stefano-sola-vesttooVesttoo, the insurtech that uses proprietary artificial intelligence and machine learning to help companies assess and transfer risks to the capital markets, with a particular focus on non-catastrophe insurance-linked securities (ILS), has been expanding its team over recent months, with numerous senior hires.

But this one is particularly notable for our readership, being an executive with years of specific insurance-linked securities (ILS) experience under his belt and one known for being an innovative partner to those working in the space.

Stefano Sola will Head up Vesttoo’s Global Capital Markets team, managing a worldwide team focused on capital raising and business development.

Among the tasks Sola will be given will be raising capital commitments for Vesttoo’s Flagship Insurance-Linked Program, as well as other ILS investment products.

In addition, Sola will work to build and maintain relationships and partnerships with financial institutions, banks, investment banks, and funds, as the company seeks to increase the capacity, asset allocation, sales, and distribution of Vesttoo’s insurance and reinsurance-linked investment products.

“It gives me tremendous pleasure to announce the joining of Mr. Sola to our team,” Yaniv Bertele, CEO and Co-Founder of Vesttoo commented on the news. His expertise and track record are second to none, and he is joining Vestoo at a crucial moment. We are constantly reminded of the importance of Vesttoo’s role in allowing investors to diversify their portfolios. Mr. 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.”

“It is extremely exciting to join Vesttoo at this time,” added Sola. “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.”

Sola began his capital markets career at Bear Stearns in the 90’s and then moved to work at Natixis for a time.

His focus on insurance-linked securities (ILS) began in 2005 when he joined global reinsurance firm Swiss Re’s Capital Markets division in New York, working on the origination, structuring and distribution of ILS and capital market reinsurance transactions including catastrophe bonds.

Sola then became the Chief Investment Officer of specialty capital markets player The J.G. Wentworth Company, working on the origination and financing of varied financial instruments, including ILS.

In 2014, he then Co-Founded and became the CEO of Rewire Securities LLC, an insurance-linked securities (ILS) focused broker dealer with an innovative ILS placement technology platform named RewireConnect.

Sola then became Co-Founder and CEO of ILS investment manager Merion Square Capital LLC, a joint-venture with established alternative investment manager Vida Capital.

As a result of his career, Sola has broad capital markets and ILS specific expertise, ranging from deal origination and structuring, through to capital raising and investor relations, as well as technology and start-up experience from his Rewire days.

At Vesttoo’s growth stage of development, this experience will be a valuable addition to its team.

Also see: We recently interviewed Portfolio Manager Rob Hauff who explained how Vesttoo is working to unlock new categories of insurance and reinsurance risk for capital market investors.

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