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Top related persons:
Vesttoo - 2 Yaniv Bertele - 2 Carolyn Cohn - 2 Ami Barlev - 1 Barlev - 1 Steven Scheer - 1 Toby Chopra - 1 David Evans - 1
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Banco Santander's - 2 Thomson - 2 Nasdaq - 1

Search resuls for: "Yaniv Bertele"


3 mentions found


☆ Israeli fintech Vesttoo names new interim CEO
  + stars: | 2023-08-09 | by ( ) www.reuters.com   time to read: +2 min
JERUSALEM, Aug 9 (Reuters) - Israeli fintech company Vesttoo said on Wednesday it named Ami Barlev as interim chief executive officer, replacing Yaniv Bertele, who was in charge during a fake collateral scandal. The firm noted Barlev specializes in the areas of corporate governance, business development, crisis management, and managing companies in complex situations. Vesttoo, which uses artificial intelligence technology to connect the insurance industry and capital markets, is also in contact with regulatory bodies worldwide. Vesttoo provides insurers with access to so-called insurance-linked securities - an alternative form of reinsurance. Reporting by Steven Scheer and Carolyn Cohn; Editing by Toby Chopra and David EvansOur Standards: The Thomson Reuters Trust Principles.
Persons: Vesttoo, Ami Barlev, Yaniv Bertele, Barlev, Steven Scheer, Carolyn Cohn, Toby Chopra, David Evans Organizations: Nasdaq, Banco Santander's, Thomson
☆ Israel's Vesttoo in talks with investors over fake collateral scandal
  + stars: | 2023-08-07 | by ( ) www.reuters.com   time to read: +1 min
LONDON, Aug 7 (Reuters) - Israeli fintech company Vesttoo is in "active discussions" with potential investors to find alternative collateral for clients after discovering fake letters of credit had been used on its platform, a company spokesperson said on Monday. Vesttoo provides insurers with access to so-called insurance-linked securities - an alternative form of reinsurance. These securities may be backed by collateral in the form of letters of credit. Vesttoo was working with the markets to find alternative collateral, it said in the statement. Vesttoo said a core team of more than 50 people was working to seek alternative collateral, and the company would meet all its commitments to suppliers and consultants.
Persons: Vesttoo, Yaniv Bertele, Carolyn Cohn, David Goodman, Mark Potter Organizations: Banco Santander's, Thomson
☆ Vesttoo valuation more than triples to $1 billion after latest funding
  + stars: | 2022-10-25 | by ( Manya Saini | ) www.reuters.com   time to read: +2 min
Oct 25 (Reuters) - Vesttoo Ltd said on Tuesday its valuation has more than tripled to $1 billion after the insurance risk transfer platform secured $80 million in late-stage funding at a difficult time for private companies to raise capital. The series C round drew investments from venture capital firms Mouro Capital, Gramercy Ventures, Black River Ventures and Hanaco Ventures. "In a time rife with uncertainty, Vesttoo is showing resilience, financial strength and profitability," said Chief Executive Yaniv Bertele in a statement. Vesttoo offers a platform for insurance companies to transfer their risk to capital market investors. Reporting by Manya Saini in Bengaluru and Carolyn Cohn in London; Editing by Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.
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