Vesttoo hires Thomas Rose to lead Capital Markets, North America

Vesttoo, the insurance-linked securities (ILS) focused insurtech company, has made another senior hire focused on institutional capital markets, with former BlackRock executive Thomas Rose joining the company as Head of Capital Markets, North America.

Rose has over twenty years of US capital markets experience, in managing institutional investor relationships, fundraising and distribution.

Most recently, he worked at digital asset investment fund manager 3iQ as Managing Director, Co-Head of Distribution in the US, prior to which he spent over two years as an SVP at asset manager Neuberger Berman.

Before that, Rose worked for almost fifteen years at BlackRock, managing client relationships with defined benefit pension, foundation and endowment investment clients.

He joins Vesttoo and will be tasked with taking the firm’s value proposition to a wider capital markets audience, responsible for leading the US-based Capital Markets team, directing its fundraising activities and strategic initiatives.

“I’m thrilled to be able to announce that Tom is joining our North American team,” Julia Henderson, Chief Commercial Officer at Vesttoo commented.

“Tom’s extensive capital markets experience means he brings a deep understanding of the needs of institutional investors and is able to articulate why today’s market dynamics represent a fantastic opportunity for the ILS asset class,” Henderson said.

Adding that, “ILS represents an asset class capable of generating returns largely uncorrelated to movements in financial markets. Vesttoo’s drive to develop the non-cat segment of the ILS market with the support of our data-driven technology is a game-changer. I have no doubt Tom will continue to build on the momentum our North American and Global capital markets teams have already achieved.”

Rose further explained that, “Institutional investors continue to be on the hunt for sensible yield enhancement opportunities. Vesttoo’s approach to the insurance risk transfer and the ILS asset class offers investors a diversified, uncorrelated yield without the excessive unpredictability of catastrophic risk strategies.

“Moreover with the technology that Vesttoo has created, investors are able to get a data-driven and transparent risk pricing view in a way that’s completely unique to the asset class.”