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.
Daniel Roitman has been a director of our Board since July 2023, and brings decades of financial services and senior leadership experience. Mr. Roitman previously served as an alternate director of our Board for numerous years and continues to serve as a current director of Greenlight’s Irish subsidiary, Greenlight Reinsurance Ireland, dac. Mr. Roitman has served as Chief Operating Officer and partner of Greenlight Capital, Inc. since January 2003 and DME Advisors, LP, our investment advisor, since its formation. From 1996 through 2002, Mr. Roitman served as a vice president at Goldman Sachs. Before joining Goldman Sachs, Mr. Roitman was employed as a member of the New York technology practice at Anderson Consulting, now Accenture. Mr. Roitman earned a B.S. with distinction in electrical engineering from Cornell University in 1991 and a Master of Engineering in 1992. Mr. Roitman graduated with distinction from the New York University Stern School of Business in 2002, earning an MBA in Finance.
Mr. Platt is an active investor as the general partner at Thorn Partners, LP, a family limited partnership since 1997. Mr. Platt’s career at Johnson and Higgins, or J&H, a global insurance broker and employee benefits consultant, spanned 27 years until the sale of J&H to Marsh & McLennan Companies in March 1997. At the time of the sale of J&H, Mr. Platt was an owner, director, and executive vice president responsible for North America and marketing and sales worldwide. Mr. Platt was head of the operating committee and a member of the executive committee at J&H. Mr. Platt serves as a Trustee of the BlackRock Multi Asset Board (MAB) Funds. He also serves as a Director of CONSOL Energy Inc. (NYSE: CEIX), a NYSE listed coal company. From 2004 to May 2021, he served on the Board of the Company. Mr. Platt is a member of the New York State Bar Association. Mr. Platt received his B.A. from Manhattan College in 1968 and his J.D. from Fordham University Law School in 1971. Mr. Platt also attended Harvard Business School’s Advanced Management Program in 1983.
Chief Executive 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 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.
Chief Financial Officer
Faramarz Romer has served as Chief Financial Officer since April 2023, and prior to that was 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.
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.
General Counsel, Chief Compliance Officer & Corporate Secretary
David Sigmon was appointed as General Counsel in April 2023. Prior to joining the Company, David was Vice President, Associate General Counsel within Everest Re Group, Ltd., where he served as the organization’s senior corporate law and complex transaction counsel from August 2017 until April 2023. Before that, David served as General Counsel, Unique Risk Underwriting at another multi-national insurance organization, where from November 2013 until July 2017 he was lead counsel to an international business division focusing on structured insurance and reinsurance solutions and investments. Prior to that, David served as an associate attorney within the insurance and reinsurance department of a global law firm, now known as Locke Lord LLP, based in New York City.
David holds a J.D., with cum laude designation, from Brooklyn Law School, and is currently in the process of completing his LL.M. degree at Georgetown University Law Center. He obtained his B.A. from George Washington University.
Chief Underwriting Officer - Cayman Islands
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.
Chief Underwriting Officer - Ireland
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.
Head of Casualty Underwriting - Cayman Islands
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.
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 day operations 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 Innovation Underwriting
Kagabo Ngiruwonsanga serves as our Head of Innovations Underwriting, prior to that he was the Head of Pricing and Analytics from 2018 – 2022. He joined Greenlight Re in 2011 as an Actuary in the underwriting team. Kagabo has over 20 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
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, holds the Chartered Property Casualty Underwriter (CPCU) designation and has completed the Associate in Reinsurance (ARe) certification. He is currently based in the Cayman Islands.
Elliot joined Greenlight Re Innovations in 2019. His work includes sourcing and evaluating new opportunities, portfolio management and reporting, insurance product incubation and development, and industry research.
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.
Nicole Van Allen
Nicole joined Greenlight Re Innovations in 2022 as an Associate, where she focuses on sourcing and evaluating new investment and underwriting opportunities, performing due diligence and supporting the growth of portfolio companies. Nicole is based in London, United Kingdom.
Prior to Greenlight Re, Nicole worked in strategy and business development at insurtech Praedicat and prior to that, as a management liability pricing actuary at Zurich North America. Nicole holds a Bachelor of Science degree in Actuarial Science from St. John’s University and a Master of Business Administration (MBA) degree from IESE.
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.
Head of Pricing
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.
Deputy Active Underwriter
Laure joined Greenlight Re in 2023. Prior to joining Greenlight Re, she spent 15 years in a variety of underwriting and pricing roles across personal lines and commercial lines, with a focus on UK and Europe-domiciled risks.
She worked at Allianz UK, Liverpool Victoria General Insurance, and Newline in London, before joining Lloyd’s of London as a Syndicate Performance Manager where she was responsible for the management of business plans, underwriting performance and oversight of a panel of Lloyd’s syndicates.
Laure studied international economics and management in Madrid, Paris, London and Berlin, and holds an MSc in Management from ESCP Europe as well as being ACII qualified.
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.
Reinsurance Underwriter - Ireland
Ruaidhri joined Greenlight Re as an underwriter in 2022. He is based in the Ireland office and has a focus on London Market Specialty markets. Ruaidhri is a Fellow of the Society of Actuaries in Ireland, and prior to joining Greenlight Re worked in various actuarial roles in the (re)insurance industry. Ruaidhri graduated with a Bachelor in Actuarial and Financial Studies from University College Dublin.
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.