Mr. Aigrain brings nearly 30 years of leadership experience in insurance, reinsurance and capital markets, including previous roles such as CEO of Swiss Re, senior financial advisor at Warburg Pincus LLC and leadership roles at JP Morgan in New York, London and Paris.
Yaniv Bertele, CEO and Founder, Vesttoo, said: “Vesttoo is honored to welcome an executive of Jacques’s calibre to lead its advisory board. Jacques’s extensive leadership experience spans the insurance and reinsurance sector and the capital markets, as well as corporate finance and governance. His expertise in these areas will be invaluable to Vesttoo as we continue on our mission to collaborate with both the insurance and capital markets to offer capital markets investors access to a wide range of insurance risks while providing liquidity and much needed capacity in the insurance and reinsurance sector.”
Jacques Aigrain, Chairman of the Advisory Board, Vesttoo, said: “I am excited to take on the leadership of Vesttoo’s strong and diverse global advisory board and help the company build on its success in the alternative reinsurance market. I have been impressed with Vesttoo’s growth as it leverages advanced technology to bring together insurers seeking to transfer liabilities, which are not covered by traditional reinsurance, and capital market investors targeting insurance-related investments.”
The appointment follows Vesttoo’s recent announcement of an insurance linked program (ILP), which enables asset managers and pension schemes to earn long-term, sustainable returns by pledging securities, rather than directly allocating cash, to support short and mid-term Life and P&C alternative risk transfer transactions. Investors will benefit from BB spread with AA uncorrelated risk by using existing securities inventory.
Jacques Aigrain currently serves as Chairman of the board at Singular Bank and LyondellBassell NV, as well as a Non-Executive Director of the London Stock Exchange Group, WPP PLC and Clearwater Analytics (CWAN).