MIC Global (MIC), the full-stack embedded micro insurance provider, announced it has applied to become a Lloyd’s coverholder for Greenlight Re’s Syndicate 3456, subject to applicable approvals. This strategic move marks a strengthening of the partnership between MIC and Greenlight …
Greenlight Capital Re Ltd., the Cayman Islands-based multiline property/casualty insurer and reinsurer, announced that Simon Burton, the company’s chief executive officer intends to step down, effective Dec. 31, 2023. He will be succeeded as CEO and a member of the …
Many reinsurers across the globe increasingly have been doing business with certain select managing general agents (MGAs), seen as market innovators, by reinsuring the fronting insurers that provide the paper for MGAs to underwrite. In recent years, it is a …
Greenlight Re Innovations (GRI), a Cayman Islands-based subsidiary of Greenlight Capital Re Ltd., has announced an investment in Garentii GmbH, a security deposit replacement insurance MGA and platform in Germany. Garentii, a Munich-headquartered insurtech, provides an insurance-based alternative, offering security …
Greenlight Re Innovations (GRI), part of Greenlight Capital Re Ltd., announced an investment in AuditCover Australia Pty Ltd., a tax audit insurtech. The amount of the investment was not disclosed. AuditCover is an insurance distribution platform that combines the fundamentals …
Greenlight Re Innovations (GRI), part of Greenlight Capital Re Ltd., has announced an investment in insurtech startup Redkik Inc., a cargo insurance administration and analytics platform. Cargo insurance policies have traditionally been written on an annual basis and priced based …
Greenlight Re Innovations (GRI), part of Cayman Islands-headquartered Greenlight Capital Re Ltd., has received “in-principle” approval from Lloyd’s to establish an insurtech-focused syndicate. Syndicate 3456, which will commence operations in the second quarter of 2022, will be established under Lloyd’s …
The latest group of reinsurers to emerge in the Bermuda market is starting to look different. Even the name that once described the cohort has changed in the past five years. And at least one member of the group of …
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. …
Greenlight Capital Re, Ltd., the Cayman Islands-headquartered reinsurer, announced it has decided to continue with its existing business plan after completing a strategic review of transaction alternatives. Following a recommendation made by a special committee composed of independent directors, the …
