Greenlight Reinsurance Ireland, Ltd., a subsidiary of Cayman Islands-based Greenlight Capital Re, Ltd., a specialist property and casualty reinsurer, announced that Caryl J. Traynor officially joined the company on June 1, 2012, serving in the role of General Manager and operating from the Company’s Dublin office. He is responsible for recruiting experienced staff and building the business in the United Kingdom and Europe.
“We see opportunity in the European market right now, and are pleased to have Caryl aboard to oversee the expansion of our capabilities,” explained CEO Bart Hedges. “An immediate focus will be to identify and recruit qualified staff to build our team and better position us to serve the needs of clients as we pursue opportunities in the reinsurance marketplace.”
Traynor indicated that the company’s primary focus “is developing long-term reinsurance relationships with partners in the UK and Europe.” He added that “we see many avenues for growth in Europe created by changing market conditions, Solvency II and other imposed capital constraints. We believe Greenlight Re Ireland is well positioned to capitalize on these opportunities.”
Traynor joined Greenlight Re Ireland from the Canopius Group, where he served as CEO of Canopius Ireland Limited for the past four years. In his previous role, he was responsible for establishing an office in Ireland and creating a market profile and presence in a market segment where the company had not previously participated. He was previously a Director at GE Insurance Solutions/Swiss Re, where he underwrote reinsurance business in the London, Europe, U.S. and Bermuda markets.
Source: Greenlight Re
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