Vesttoo partners with Clear Blue

Tel-Aviv based alternative reinsurance marketplace Vesttoo partnered with Clear Blue Insurance Group to supply the latter with reinsurance capacity sourced from capital markets investors, totaling a sum of $1 billion.

Vesttoo will utilize Clear Blue’s underwriting, program management, data and analytical capabilities to facilitate faster reinsurance transactions and allow for more investors to gain access to a diversified portfolio of Clear Blue’s P&C risk, on an efficiently collateralized basis.

“Clear Blue are as data-driven as we are, and together we can grow the pot efficiently. We will use Clear Blue’s data in our models to help structure transactions with much faster time to market, all the while maintaining transparency which is critical to investors, leading to greater participation in the insurance-linked investment market.” – Alon Lifshitz, Chief Financial Engineer and Co-Founder of Vesttoo.

“We’ve been working with Vesttoo for years, and their methodology has proven itself time and again. Their data-driven process is able to radically speed up the reinsurance process, allowing us to provide insurers with the capacity they need to thrive.” – Jerome Breslin, President and CEO of Clear Blue Insurance.