INNOVATIONS

Greenlight Re Innovations supports technology innovators and their applications to (re)insurance by providing investment, risk capacity, and access to a broad insurance network. The unit’s professionals have backgrounds in underwriting, analytics, and investment management, along with a deep understanding of (re)insurance and the ability to help startups navigate the complex insurance ecosystem.

Greenlight Re Syndicate 3456 is established under the innovative “Syndicate-in-a-box” model at Lloyd’s and began underwriting on 1st April 2022. The syndicate is managed by Asta, the leading third-party managing agent at Lloyd’s, with Greenlight Capital providing 100% of the capital to support the business underwritten at Syndicate 3456.
We provide capacity to insurtechs and innovative MGAs across a number of territories including Europe and North America, and we have a broad appetite by class, with a focus on shorter tail business.
As a Lloyd’s syndicate, Syndicate 3456 benefits from the financial strength, security and stability of the Lloyd’s brand as well as its network of global licences and the Central Fund.

OUR VALUE

INVESTMENT

We make early stage investments in Insurtechs that are open to a partnership approach and where we believe we can lower their execution risk and assist their growth.

RISK CAPACITY

We can help portfolio companies to create fronting arrangements or reinsure primary carriers. We can provide risk capacity to our portfolio companies to help get them started.

EXPERTISE

We provide access to our entire (re)insurance team and have deep knowledge of the (re)insurance market with expertise in pricing, reserving, underwriting, and claims.

RELATIONSHIPS

With our relationships across the (re)insurance value chain, we can make introductions and accelerate partnership opportunities with customers, service providers, and other (re)insurers.

INCUBATION

We can co-develop products with our
portfolio companies.