Vitesse, the financial infrastructure connecting the global insurance ecosystem, announces the appointment of Richard Reggel as Chief Commercial Officer for Europe.
In his new role, Reger will lead commercial operations in the UK, Europe and other international markets, strengthening relationships with existing customers and expanding the company’s reach.
Prior to joining Vitesse, he worked at Verisk for nearly 12 years, most recently as Chief Commercial Officer of Verisk Specialty Business Solutions. In this role, he is responsible for developing and executing the company’s business strategy to drive growth and profitability for the Sequel, Whitespace and Morning Data solutions teams.
Phil McGriskin, CEO of Vitesse, said: “Richard has extensive experience in the London market and is well connected. He has spent more than a decade working with insurers, MGAs and brokers to solve exactly the problems we need to solve, from claims fund management to optimizing liquidity and operational efficiency. He joins us at a critical time for Vitesse and the market, and his relationships and expertise will put us in an even stronger position as the industry modernizes its thinking about payments and treasury operations.”
Reggel added: “From my first conversations with the team, I was impressed by the quality of their solution portfolio and the caliber of the people behind it. The timing is perfect as Vitesse has reached a scale with great opportunity to accelerate international growth, deepen relationships with existing customers and continue to expand its presence in the global payments ecosystem. Rarely does a business have such a solid foundation and so much potential.”
Reggel’s appointment comes after a strong year for the company, with client growth of 40% year-on-year and there are now almost 600 active clients on the platform, spanning global operators, Lloyd’s market participants, MGAs, TPAs ​​and brokers.
