Alternative reinsurance platform Vesttoo has announced the appointment of Robert Schumaker as Vice President of Capital Markets.
Schumaker is a former Managing Director at State Street Bank and Vice President at Credit Suisse.
In this new role he lead Vesttoo’s ILP Program, which offers asset managers and pension schemes the opportunity to earn long-term, sustainable alpha by pledging securities to support short and mid-term Life and P&C alternative risk transfer transactions.
Schumaker is seen as having invaluable experience creating and growing highly profitable lines of business, including the Alternative Financing Solutions business at State Street Bank, as well as lucrative securities lending, financing and collateral reinvestment programs for Credit Suisse.
“We are very excited to have Mr. Schumaker on board, and are looking forward to scaling Vesttoo’s Insurance-Linked Program with the help of his expertise,” said Yaniv Bertele, CEO of Vesttoo.
“The ILP program is an integral part of the company’s effort to bridge the funding gap in the reinsurance market, providing sorely needed alternative capital to the reinsurance industry, as well as exceptional return on risk for investors.”
