Intelligent Insurer: Vesttoo Eyes Rise in Demand Driven by Capacity Crunch amid Hardening
As 1.1 is behind the corner Vesttoo, the insurtech that matches capital with risks using ILS structures has seen a sharp uplift in demand as insurers and reinsurers grapple with a capacity crunch and hardening rates.
Anthony Southern joined Vesttoo as head of insurance markets, UK & Europe, told Intelligent Insurer: “The hardening reinsurance market has been exacerbated post-Hurricane Ian, and Vesttoo is able to connect new capacity to the insurance market when it has become harder to find.”
Anthony Southern joined Vesttoo, which was recently valued at $1 billion at its latest Series C funding of $80 million, from another insurtech Instanda where he was managing director, EMEA P&C. Before that, he spent some five years at Arch Reinsurance. He has also worked for Advent Underwriting, Canopius, and Hiscox.