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Vesttoo hires Daniel Butzbaugh as VP of catastrophe markets

China iTech Ghana
Tuesday, September 28, 2021 | views Last Updated 2021-09-28T03:01:58Z
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 Vesttoo has appointed Daniel Butzbaugh as Vice President, Catastrophe (CAT) Markets. He joins Vesttoo from Stonybrook Capital where he was Vice President and Head of the Industry Loss Warranty (ILW) Desk.


handshake-bwButzbaugh brings over 20 years’ experience in the re/insurance-linked investment sector.


Prior to Stonybrook, he worked in reinsurance, insurance-linked investment and risk management roles at various firms including New Paradigm Underwriters and at reinsurance broker Willis Re, where he launched his career on the Capital Risk team as a pioneer in the weather derivatives industry.


In his new role, Butzbaugh will lead Vesttoo’s CAT and ILW transactions from the company’s New York office.


He will help create aggregated books of transactions with predefined underwriting criteria that leverage diversified types of risk, geographical locations and financial structures to create an instrument which is inherently diversified.


Yaniv Bertele, Chief Executive Officer (CEO) and Founder, Vesttoo, said: “We are delighted that Dan has agreed to join Vesttoo at a time of tremendous growth for the business.


“Dan is yet another market veteran to join Vesttoo and brings strong experience in the insurance-linked securities (ILS) and reinsurance sectors. We are looking forward to building innovative investment structures with Dan in the CAT sector, in expansion to our activities in the Life and P&C domains.”


Butzbaugh added: “I am excited to join Vesttoo to help strengthen its growing reputation for excellence and innovation in alternative reinsurance. I look forward to helping Vesttoo develop innovative approaches to insurance investments to help bridge the immense funding gap in the market.”

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