Vesttoo Appoints Former State Street Bank and Credit Suisse Executive to Lead Growth of $1B Insurance-Linked Program
Retrieved on:
Wednesday, May 26, 2021
Mr. Schumaker will 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.
Key Points:
- Mr. Schumaker will 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.
- Mr. Schumaker has 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.
- Vesttoo specializes in data-driven risk management solutions for the P&C and L&P markets, using cutting-edge technologies to transfer general insurance, lapse, mortality and longevity risk to the capital markets.