Greenlight Re News

What Ever Happened to Hedge Fund Reinsurers?

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 Re ‘Refreshes’ Executive Team, with New Chief Underwriting Officer and CFO

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 Re Decides Against Sale After Completing Strategic Review

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 …

UK Insurtech Startup battleface Receives Investment from Fintech Ventures Fund

Insurtech startup battleface Inc., a UK firm that provides travel insurance products for unconventional travelers worldwide, announced it has successfully closed its seed financing round with backing from leading strategic and venture capital investors. Atlanta, Ga.-based Fintech Ventures Fund has …

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 California Dispute Resolution Business Fairclaims

Greenlight Re Innovations has made a strategic investment in FairClaims, an online insurance and consumer dispute resolution startup based in Los Angeles, Calif. FairClaims is the sixth insurance technology business which Greenlight Re Innovations has invested in since it was …

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, …

Reinsurers, Insurtech Startups Increasingly Seek Mutually Beneficial Partnerships

Reinsurance companies increasingly are funding insurtech startups in order to structure more innovative products and improve their business efficiencies, but how much impact on the industry will these investments have? There are a number of reasons reinsurers are getting involved …

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 …

After Poor Results, Greenlight Re ‘Repositioning,’ Entering New Classes of Business

Hedge fund manager David Einhorn said a shift in favor of value stocks may soon be coming even after his firm posted its worst underperformance in almost two decades. “While we’ve never underperformed like this, our prior worst underperformance compared …