Greenlight Capital Re, the Cayman Islands-based specialist property and casualty reinsurance company, has appointed Greenlight Re’s chief executive officer, Simon Burton, to serve also as the company’s chief underwriting officer, succeeding Brendan Barry, who resigned from the company on Sept. 4.
Neil Greenspan has been appointed as chief financial officer, succeeding Tim Courtis, who resigned on Sept. 9. In addition, Faramarz Romer has been named chief accounting officer and treasurer.
The new appointments are effective immediately.
Greenspan has served as chief accounting officer of the Greenlight Capital Re since Dec. 31, 2018. He has more than 20 years of reinsurance and insurance industry experience including roles as the senior vice president, financial reporting, of the Validus Group; the chief accounting officer of the Montpelier Group, and in a senior finance position at ACE Financial Solutions International.
Burton’s appointment as chief underwriting officer and Greenspan’s appointment as chief financial officer are subject to the approval of the Cayman Islands Monetary Authority and Cayman Islands Immigration Department.
“I am pleased to announce this significant refresh of the management team, as we position ourselves for the rapidly improving market conditions ahead,” said Chief Executive Officer Burton.
“Neil is a deeply experienced reinsurance professional with extensive industry knowledge and Faramarz’s technical accounting and regulatory expertise is exceptionally strong,” said Burton. “We expect a smooth transition, as both Neil and Faramarz are already engaged with our strategic efforts and have abundant institutional knowledge as long-term employees of the company. I thank Brendan and Tim for their service and wish them the best in their future endeavors.”
Source: Greenlight Capital Re
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