Vitesse names Richard Reggel as Europe's new Chief Commercial Officer

Vitesse has appointed Richard Reggel as its new Chief Commercial Officer for Europe. He will oversee commercial operations across the UK, Europe, and other international markets. The move aims to strengthen the company’s global payments presence. Richard Reggel joins Vitesse from Verisk, where he served as Chief Commercial Officer for Specialty Business Solutions. He spent 12 years at Verisk, developing deep expertise in the London Market. His experience in this sector was highlighted by Vitesse CEO Phil McGriskin as a key asset for the company.

Vitesse specialises in solving financial challenges within the insurance industry, such as claims funds management and liquidity optimisation. The company has seen rapid growth, with a 40% year-on-year increase in customers and nearly 600 active users on its platform. Reggel expressed admiration for Vitesse’s solutions and their potential for international expansion. The appointment comes as the insurance industry faces increasing pressure to modernise its financial processes. Reggel’s role will focus on deepening relationships with existing customers and expanding Vitesse’s reach in the global payments ecosystem. His leadership is expected to support the company’s continued growth.