A SPECIALIST PROPERTY & CASUALTY REINSURER
GREENLIGHT RE PROVIDES MULTI-LINE PROPERTY AND CASUALTY REINSURANCE THROUGH ITS LICENSED AND REGULATED ENTITIES IN THE CAYMAN ISLANDS AND IRELAND.
The Company complements its underwriting activities with a non-traditional investment approach designed to achieve higher rates of return over the long term than reinsurance companies that exclusively employ more traditional investment strategies. In 2018, the Company launched its Greenlight Re Innovations unit, which supports technology innovators in the (re)insurance space by providing investment, risk capacity, and access to a broad insurance network.
Chief Executive Officer & Chief Underwriting Officer
Simon Burton joined Greenlight Re as Chief Executive Officer in July 2017, and took on the role of Chief Underwriting Officer in September 2020. Prior to joining, he was the founding Chief Executive Officer of SAC Re until its sale to Hamilton Insurance Group. Simon’s other executive roles include Deputy Chief Executive at Lancashire Group and Chief Executive Officer of Lancashire’s Bermuda subsidiary. He also spent 10 years at ACE Limited in a variety of roles, including leading an underwriting division as President of Financial Solutions International. He received his Bachelor of Science degree in Mathematics from Imperial College, London University.
Chief Executive Officer – Ireland
Pat is a Chartered Accountant with 20+ years experience in senior roles in the insurance industry in Ireland, UK and Bermuda. From 2011 to 2015, Pat was CEO of Liberty Insurance, one of the major insurers in the domestic Irish market. Pat was responsible for establishing this insurer in Ireland, following an acquisition of a business under administration. Pat led a high profile transformation of this business, including the development of a new underwriting and distribution strategy, the launch of the Liberty Insurance brand and a major restructuring program.
Prior to this, Pat spent 10 years as a director and COO of Liberty Mutual Insurance Europe (“LMIE”), Liberty’s commercial and specialty business in Europe. During this period, LMIE grew from a start up to become a significant European insurer with GWP in excess of $750m and 450 staff.
Chief Financial Officer
Neil Greenspan joined Greenlight Re as Chief Accounting Officer in December 2018, and has served as Chief Financial Officer since September 2020. Prior to joining, Neil was Senior Vice President, Financial Reporting of the Validus Group. He also served for ten years as Chief Accounting Officer of Montpelier Group, and before that as Vice President, Accounting of ACE Financial Solutions International. He holds MBA & MSA degrees from Northeastern University and holds a BA degree in Philosophy and Political Science from Bucknell University.
Chief Risk Officer
Tom Curnock has served as Chief Risk Officer since April 2016. Prior to that, Tom has worked in risk management and as an underwriter since July 2009 when he joined Greenlight Re. Tom has over 20 years’ experience is the property and casualty reinsurance industry. He has previously served as a Senior Vice President of Aon Benfield Securities as an investment banker and Senior Vice President of Aon Benfield as a structured reinsurance broker. Tom holds a B.Sc. in Mathematics and a Ph.D. in computer science, both from the University of Salford.
General Counsel, Secretary and Chief Compliance Officer
Laura Accurso has served as Greenlight Re’s General Counsel and Corporate Secretary since 2016. Ms. Accurso joined Greenlight Re as its Counsel and Corporate Secretary in 2011. Prior to joining Greenlight Re, Ms. Accurso specialized in reinsurance law as an attorney in the Insurance and Financial Services group at Sidley Austin LLP, a leading international law firm. Ms. Accurso is a Member of the American Bar Association, the New York State Bar Association, the Caymanian Bar Association, the Law Society of England and Wales and is a qualified UK solicitor (not practicing) as well as an attorney admitted to practice in the Cayman Islands. She is a graduate of McGill University and Syracuse University College of Law.
Chief Accounting Officer & Treasurer
Faramarz Romer has served as our Chief Accounting Officer and Treasurer since September 2020. Faramarz joined the Company in July 2007 as the Reporting and Compliance Officer to oversee all aspects of the Company’s SEC filings, financial reporting, internal audit and SOX 404 process. Prior to joining Greenlight Re, he was a Senior Manager at KPMG’s audit practice. Faramarz is a Certified Public Accountant and member of the Chartered Professional Accountants of Canada. He holds a B.A. in Business Administration from the University of Western Ontario – Richard Ivey School of Business.
Cayman Islands – Head of Casualty Underwriting
Jim Ehman joined Greenlight Re in January 2011 as a seasoned underwriter of structured and specialty treaty reinsurance. He previously underwrote U.S treaty reinsurance for ten years with a large international reinsurance company and several years prior with a Barbados based reinsurer, entering the industry in 2006 as CFO of the Barbados reinsurer. Jim achieved his Chartered Accountant designation while working with Coopers & Lybrand in Canada, then continued in public practice with Deloitte & Touche in Barbados. He received his Bachelor of Commerce degree from the University of Saskatchewan, the province where Jim grew up on his family’s grain farm.
Cayman Islands – Financial Lines & Property Cat
Regan Cairns joined Greenlight Re in 2018. Prior to joining Greenlight Re, she spent several years focusing on the audit of captive insurance and reinsurance entities, as well as valuation of private equity/debt investments at KPMG in the Cayman Islands. Before that, Regan worked in the U.S. corporate tax practice at Deloitte in Toronto, Canada. Regan graduated with a Bachelor of Business Administration from Wilfrid Laurier University in Canada. She holds the CPA and CA designations through the Chartered Professional Accountants of Canada and is a CFA Charterholder.
Ireland – London Market Specialty
Barry joined Greenlight Re as an underwriter in 2018 in the Ireland office with a focus on London Market Specialty markets. Prior to joining, he was a specialty underwriter at Travelers in their Lloyd’s syndicate. After graduating from university, he joined Markel (London) as an underwriter focused on specialty lines of business. Barry has in-depth knowledge of the London (re)insurance market. He holds an Actuarial and Financial studies degree from University College Dublin.
Ireland – London Market Specialty
Sharon joined Greenlight Re in 2013 and is a member of the underwriting team in Ireland. She has 14 years of experience in the international and London marketplace. Prior to joining Greenlight Re, she worked for Mitsui Sumitomo Reinsurance Limited in Dublin as a treaty underwriter, where she focused on Greece, Cyprus, Eastern Europe, UK & Ireland. Previous to this she worked for nSpire Re (Fairfax Group) as a Reinsurance Executive. Sharon started her reinsurance career with Catlin in London, as a member of the outwards reinsurance team. She graduated from the University of Limerick with a degree in International Insurance and European Studies. She is an Associate of the Chartered Insurance Institute.
Olessya was part of the Greenlight Re team from 2016 to 2017 and returned in 2021 as an underwriter in the Cayman office. She has over 10 years of industry experience, working for Chubb, Hannover Re, and Hub International in Toronto, Canada. Olessya holds a Master of Science degree in Risk Management and Insurance from Florida State University, as well as the Associate in Reinsurance, Certified Risk Manager, and Chartered Insurance Professional designations.
Head of Innovations
Brian joined Greenlight Re in 2013. While at Greenlight Re, Brian has held numerous roles within the actuarial and underwriting team including; pricing, reserving, catastrophe modelling, and capital management. He was part of the founding team of Greenlight Re Innovations and currently drives the day to dayoperations of the group. Brian is an Associate of the Casualty Actuarial Society and holds a Bachelor of Business Administration degree in Finance from the University of Miami (FL).
Head of Innovations Underwriting
Ms. Cho joins Greenlight Re with over 18 years of senior underwriting and actuarial experience at ACE, XL and Arch. She will be responsible for managing the underwriting activities within the growing Greenlight Re Innovations unit, which supports technology innovators and evaluates potential applications to the Company’s reinsurance operations.
Before joining Greenlight Re, Ms. Cho led a startup insurtech, Viridis RS Ltd., which utilized technology and aerial data to help insurance carriers protect farmers by providing early warnings of pest and crop conditions. Prior to her time at Viridis, Ms. Cho served as an underwriter at Arch Re, where she managed specialty and liability classes.
Elliot joined Greenlight Re Innovations in 2019. He works in sourcing and evaluating new opportunities, assisting with portfolio management, undergoing market research and development, and also leads the marketing efforts for Innovations.
Elliot holds an Electronic Engineering degree from Durham University. He holds the Chartered Property and Casualty Underwriter (CPCU) designation and has completed the Associate in Reinsurance (ARe) certification.
Alex joined Greenlight Re Innovations in 2021 as an Associate where he focuses on sourcing and evaluating investment opportunities, performing due diligence, and supporting the growth of portfolio companies.
Prior to Greenlight Re, Alex was an investor with ManchesterStory, a venture capital firm specializing in early-to-growth stage insurtech, fintech, and digital health companies. Alex also spent time with DLA Piper where he supported the investment process for the DLA Venture Fund.
Alex graduated from the Kelley School of Business at Indiana University and is currently based in the Cayman Islands.
Head of Pricing and Analytics
Kagabo Ngiruwonsanga has served as Head of Pricing and Analytics since 2018. He joined Greenlight Re in 2011 as an Actuary in the underwriting team. Kagabo has over 16 years of property and casualty insurance experience and is a Fellow of the Casualty Actuarial Society. Prior to joining Greenlight Re, Kagabo was an Actuary at Liberty Mutual Insurance company where he worked on pricing reinsurance treaties as well as personal lines products. Before that, Kagabo worked at Metlife Auto and Home where he was involved in the modelling of the catastrophe book as well as pricing home and auto insurance. Kagabo holds a B.A. in Economics from Macalester College in Saint Paul, Minnesota.
Richard joined Greenlight Re in 2017 and has served as Group Chief Actuary since 2018. He has over 18 years of experience in the insurance and reinsurance industry. Prior to joining, he was a Senior Manager at EY working on global engagements covering transactions, pricing, reserving, capital modelling and regulatory reporting, primarily in the UK and Australia. He has also worked at KPMG and spent 5 years at Swiss Re focused mainly on commercial and investment-type product design, pricing and reserving. He is a Fellow of the Institute and Faculty of Actuaries (UK) and graduated from Imperial College London with an honours degree in Mathematics.
Barry Stinson joined Greenlight Re as its Claims Officer in March 2017. Barry has over 30 years of insurance claims experience in Property and Casualty, Specialty, Allied and Health and Excess and Surplus Lines Insurance including directly written, fronted and reinsured business. Prior to coming to Greenlight Barry was the Senior Vice President of Claims at Clarendon Insurance Group. He ran his own consulting firm, Red Sky International Claims Consulting and he also served as the President and CEO and was on the Board of Directors of a leading third-party administrator, North American Risk Services. Barry holds a Bachelors of Arts in Economics from Tulane University.
Andy has over 30 years of London Market Experience, having held senior positions at MS Amlin, Copenhagen Re, HCC, and latterly led the Marine and Energy Underwriting Team at Swiss Re in London, and then went on to be the Global Head of Marine Treaty at Canopius.
Andy has a proven track record of underwriting profitability. He has a wealth of extensive client relationships, as well as experience in working within a global platform and liaising with overseas offices.
Sohail joined our London office in May 2021. Sohail is a qualified actuary with 12 years London Market experience in pricing and reserving at Arch, XL Catlin and Direct Line.
Victoria Guest has been a director of our Board since August 2021. Ms. Guest currently serves on the board of directors of the Bessemer Group, Incorporated and its principal subsidiary banks, and the board of managers of Bessemer Securities LLC and its principal subsidiary. Previously, Ms. Guest was General Counsel and Corporate Secretary of Hamilton Insurance Group, a Bermuda-based holding company for insurance and reinsurance operations, from December 2013 until retirement in November 2017. Ms. Guest has also served as General Counsel and Corporate Secretary of SAC Re Holdings, Ltd, a Bermuda-based reinsurer, as well as Ariel Holdings and RAM Holdings. Ms. Guest has a Juris Doctor from Harvard Law School and a Bachelor of Arts from Stanford University.
Ursuline Foley has been a director of our Board since August 2021. Ms. Foley currently serves on the board of directors of Provident Financial Services, Inc. and Provident Bank (NYSE: PFS) and is a member of the Risk and Technology committees. Ms. Foley also serves as a director of DOCOsoft Ltd., a software company providing claims management, document management and workflow software solutions for the global insurance and financial services markets. Previously, Ms. Foley served as Chief Corporate Operations Officer and Managing Director of XL Group PLC, a global provider of commercial insurance and reinsurance, which became AXA XL in September 2018. Ms. Foley has also held several senior management roles, including Chief Information Officer, Chief Data Officer, Enterprise Enablement Strategy for XL Group PLC and Senior Vice President, Chief Information Officer of Reinsurance and Financial Lines for XL Reinsurance. Ms. Foley holds both a Bachelor of Science and Teaching Diploma from University College Cork, Ireland, a Master of Science from PACE University and a Technology Leadership certificate from Babson University. Ms. Foley has also received certificates from NYC College of Insurance and the College of Finance, NYC.
John Ferrari has been a director of our Board since August 2021. Mr. Ferrari is currently a consultant to companies in the financial services industry after having retired from KPMG International (“KPMG”) in June 2021. Prior to his retirement, Mr. Ferrari specialized in providing audit services to companies in the banking, insurance and asset management industries. Mr. Ferrari held multiple roles for KPMG and its member firms, including serving as a member of the Global Monitoring Group for KPMG International, Chief Operating Officer for Audit Quality for KPMG EMA Region and as an Audit Partner for KPMG Cayman Islands, including serving as Partner in Charge of Risk Management. Mr. Ferrari also served as a member of KPMG’s Executive Management Committee and participated on the Audit Quality Professional Practice Steering Committee. Mr. Ferrari holds a Bachelor’s degree from the University of Toronto and is a member of the Chartered Professional Accountants of Ontario and Cayman Islands Institute of Professional Accountants.
Simon Burton joined Greenlight Re as Chief Executive Officer in July 2017. Prior to joining, he was the founding Chief Executive Officer of SAC Re until its sale to Hamilton Insurance Group. Simon’s other executive roles include Deputy Chief Executive at Lancashire Group and Chief Executive Officer of Lancashire’s Bermuda subsidiary. He also spent 10 years at ACE Limited in a variety of roles, including leading an underwriting division as President of Financial Solutions International. He received his Bachelor of Science degree in Mathematics from Imperial College, London University.
Len Goldberg has been a director of our Board since August 2005. Mr. Goldberg also has served as a director of Greenlight Re since 2005. Mr. Goldberg previously served as a director of GRIL from 2010 to 2014. He previously served as Chief Executive Officer of our Company from August 2005 through August 14, 2011. Mr. Goldberg has more than 20 years of insurance and reinsurance experience. He worked with the Alea Group, a reinsurance company, from August 2000 to August 2004, including serving as chief executive officer of Alea North America Insurance Company and Alea North America Specialty Insurance Company from March 2002 to August 2004, where he was responsible for the insurance and reinsurance strategy for the North America region. Prior to working with the Alea Group, Mr. Goldberg served as Chief Actuary and Senior Vice President – Financial Products of Custom Risk Solutions, a managing general agency company, from April 1999 to August 2000. From May 1995 to December 1998, Mr. Goldberg provided various actuarial services to Zurich Group, a reinsurance company, including acting as Chief Actuary of Zurich Re London. Mr. Goldberg received his B.A. in Mathematics from Rutgers University in 1984 and Masters in Business Administration, Finance Concentration, from Rutgers Executive MBA program in 1993 and is a Fellow of the Casualty Actuarial Society and a member of the American Academy of Actuaries.
Ian Isaacs has been a director of our Board since May 2008. Since August 2015, Mr. Isaacs has served as Managing Member of Katonah Research LLC, a firm which provides market intelligence to investors. From September 2012 to April 2015, Mr. Isaacs served as a senior partner at Gagnon Securities, a New York-based broker dealer where his duties included providing portfolio analytics and market intelligence to institutional investors. Previously, from April 2008 to July 2012, Mr. Isaacs served as a senior partner at Merlin Securities, a San Francisco-based broker dealer. Mr. Isaacs previously served as a director of our Board from its founding in July 2004 until February 2007. Mr. Isaacs stepped down from the Board in February of 2007, due to his then-current employer’s policy prohibiting its employees from serving on boards of publicly-traded companies. Mr. Isaacs rejoined the Board in May 2008, shortly after joining Merlin Securities. Previously, from July 2000 to March 2008, Mr. Isaacs served as a Senior Vice President, Investments, with UBS Financial Services, a subsidiary of UBS AG, a Zurich-based investment bank. At UBS Financial Services and Merlin Securities, Mr. Isaacs conducted market research for institutional investors, including Greenlight Capital, Inc. Prior to its acquisition by UBS AG in July of 2000, Mr. Isaacs was employed by PaineWebber from May 1990, becoming Senior Vice-President of Investments in 1995. Prior to Paine Webber, Mr. Isaacs was a partner with Hambrecht and Quist, an investment bank based in San Francisco, from 1985 to 1990. Mr. Isaacs received his B.A. from Carleton College in 1977.
Alan Brooks has been a director of our Board since July 2004. Mr. Brooks also has served as a director of Greenlight Re since 2004. From February 2001 until his retirement in July 2003, Mr. Brooks was engaged as a consultant by KPMG in the Cayman Islands. Prior to that, from 1984 to 1999, Mr. Brooks served as the non-life insurance practice partner at KPMG in the Cayman Islands. During those years, Mr. Brooks specialized in providing audit and liquidation services to the offshore insurance industry. Mr. Brooks was engaged as the audit partner for over 150 licensed insurance companies in the Cayman Islands, ranging from companies writing property and casualty, life and credit insurance as well as special purpose vehicles formed to insure catastrophe risks. Mr. Brooks has significant experience in the preparation of financial statements in accordance with United States and International generally accepted accounting principles. From August 2003 until June 2011, Mr. Brooks was a shareholder and director of Genesis Trust and Corporate Services Ltd., a Cayman Islands based trust and management company. Since, 2009, Mr. Brooks serves as a director of Investors Trust Assurance SPC, a Cayman based insurance company. Mr. Brooks has been a Fellow of the Institute of Chartered Accountants of England & Wales since 1979. Prior to qualifying as a Chartered Accountant, Mr. Brooks received a Diploma of Education from the North Buckinghamshire College of Education in 1968.
Bryan Murphy has been a director of our Board since May 2008. From 1996 until his retirement in December 2007, Mr. Murphy served as a founding director and chief executive officer of Island Heritage Holdings Ltd., a Cayman Islands based property, liability and automobile insurer. Prior to Island Heritage, Mr. Murphy acted as a consultant to Trident Partnership from 1994 to 1996 and was employed by International Risk Management Group from 1978 to 1994. Mr. Murphy has over 30 years experience in the insurance business and has held senior positions in several countries, including the Cayman Islands, Ireland, Ethiopia and Saudi Arabia. Until December 2007, Mr. Murphy served on the board of directors of AZ Reinsurance Limited, a wholly owned subsidiary of Astra-Zeneca PLC and a captive insurer of the group’s property and liability insurance business. In addition, until December 2008, Mr. Murphy served on the board of directors of ICHEM Reinsurance Limited, a wholly owned subsidiary of ICI PLC and a captive insurer for the group’s property and liability insurance business. In 2014, Mr. Murphy joined the board of directors of Bahamas First General Insurance Co., a company that provides general insurance coverage in the Bahamas. Also in 2014, Mr. Murphy joined the board of directors of Colliers Bay Insurance Limited, a wholly owned subsidiary of Schlumberger Limited and a captive insurer based in the Cayman Islands. Mr. Murphy holds a degree in Economics and Mathematics from University College, Dublin, Ireland.
David Einhorn has been a director of our Board since July 2004 and Chairman of our Board since August 6, 2004. Mr. Einhorn co-founded, and has served as the President of, Greenlight Capital, Inc., since January 1996. Mr. Einhorn serves as President of DME Advisors, LP, or DME Advisors, our investment advisor. Greenlight Capital, Inc. and DME Advisors are affiliates of the Company. Since April 2006, Mr. Einhorn has served as a director of Green Brick Partners, Inc, (Nasdaq: GRBK), formerly named BioFuel Energy Corp. Mr. Einhorn graduated summa cum laude with distinction from Cornell University in 1991 where he earned a B.A. from the College of Arts and Sciences.
Greenlight Re governance documents include corporate governance guidelines, a code of business conduct and ethics, and policy for communications to directors.
COMMITTEE COMPOSITION GREENLIGHT CAPITAL RE, LTD.
Nominating, Governance and Corporate Responsibility Committee
ENVIRONMENTAL, SOCIAL AND GOVERNANCE
As a global provider of risk protection to cedents around the world, we believe that environmental, social and governance, or ESG, considerations should be at the heart of our operations.