Greenlight Capital Re News

Greenlight Re Innovations Invests in Australia Property Claims Platform Handdii

Greenlight Re Innovations (GRI), a subsidiary of Greenlight Capital Re Ltd., announced it has made a strategic investment in Handdii Pty Ltd., a property insurance claims fulfillment platform. Melbourne, Australia-based Handdii is reinventing property claim processes by seamlessly pairing insurance …

Greenlight Re Invests in New Zealand Insurtech Startup Cove

Greenlight Re Innovations (GRI), a subsidiary of specialist property and casualty re/insurer Greenlight Capital Re Ltd., announced it has made a strategic investment in Cove Ltd., a New Zealand-based personal lines managing general agent and Lloyd’s coverholder. The amount of …

AM Best Revises Greenlight Capital Re’s Outlooks to Negative

AM Besthas revised the outlooks to negative from stable while affirming the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings (ICR) of “a-” of Greenlight Reinsurance, Ltd. (Cayman Islands) and Greenlight Reinsurance Ireland, Designated Activity Company …

Greenlight Capital Re Invests in Digital Insurance Processing Platform Click2Sure

Greenlight Re Innovations, part of Cayman Islands-headquartered Greenlight Capital Re Ltd., announced it has invested in the digital insurance platform, Click2Sure. South Africa-based Click2Sure has developed a comprehensive digital platform for distributing, managing and purchasing insurance at the point of …

Greenlight Re Invests in Hong Kong-Based Blockchain Business

A division of Greenlight Capital Re has invested in a blockchain-related business based in Hong-Kong. The Cayman Islands-headquartered property/casualty specialist reinsurer said it pursued a strategic investment in Galileo Platforms through its Greenlight Re Innovations arm. Greenlight Re did not …

Greenlight Re’s Chief Operating Officer Belfatti to Step Down for Personal Reasons

Greenlight Capital Re, known informally as Greenlight Re, is losing its chief operating officer after he joined the company less than a year ago. The specialist property/casualty reinsurer disclosed that Michael Belfatti would be stepping down as of Sept. 1, …

Greenlight Capital Re Launches Innovation Unit

Greenlight Capital Re Ltd., a Cayman Islands-based specialist property and casualty reinsurance company, has launched an innovation unit called Greenlight Re Innovations. Headed by Greenlight Re’s Chief Operating Officer Michael Belfatti, the new unit will use technology, data and new …

Greenlight Capital Re Names Belfatti to New Role of Chief Operating Officer

Greenlight Capital Re, the Cayman Islands-based specialist property and casualty reinsurance company, announced it has hired Michael Belfatti to the newly created position of chief operating officer, effective immediately. Belfatti’s responsibilities as COO will include oversight of the company’s pricing, …

Greenlight Capital Re Names Former SAC Re Executive, Burton, as New CEO

Greenlight Capital Re tapped a veteran Bermuda reinsurance executive as its new chief executive officer. Simon Burton is slated to become CEO of the hedge fund/specialist reinsurer as of July 1, 2017 and will also serve on the board of …

Greenlight Re Ireland Promotes O’Brien to CEO

Greenlight Reinsurance Ireland DAC*, the Dublin-based subsidiary of Greenlight Capital Re Ltd., announced the promotion of Patrick O’Brien to chief executive officer. O’Brien joined Greenlight Re Ireland as general manager in June 2016. Prior to that, he was chief executive …