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.
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.
Pat O’Brien
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.
Brian O’Reilly
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).
Heejae Cho
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 Vernon
Associate
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 Whitney
Associate
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.
OUR PORTFOLIO
AuditCover
AuditCover is an insurance distribution platform that combines the fundamentals of tax audit insurance with rapid data ingestion and modeling software to allow taxpayers to be instantly covered for their professional fees when faced with an audit. The company is currently offering audit insurance policies in Australia and has plans to expand internationally in the near future.
Leadership
Gil Snir, Founder & CEO
Line of Business
Tax Audit Insurance
HQ
Sydney, Australia
Battleface
Travel insurance company intended to offer tailored and modular products. The company provides unique travel insurance benefits and services to travelers visiting or working internationally as well as offers custom and white-label products. Using its API-based distribution system Battleface keeps policies lean and permits for additional options in services, benefits and pricing, enabling customers to access custom insurance policies that meet their specific needs.
Leadership
Sasha Gainullin, CEO
Anthony Spiteri, CTO
Paul Simmonds, UK & EU Managing Director
Lisa Conway, CUO
Mike Meeks, COO
Line of Business
Travel Insurance
HQ
Columbus, OH, US
Blueprint Title
Blueprint combines an escrow company and carrier/underwriter to offer a modern approach to title insurance and closings. With digitally native tools, process improvement, and transparent pricing, they tackle the antiquated title industry head-on.
Leadership
Steve Berneman, Founder & CEO
John Shoaf, COO
Michael Anderson, CTO
Andrew Ross, CLO & Head of Insurance
Line of Business
Title Insurance
HQ
Nashville, TN, US
Click2Sure
Developer of a digital insurance platform intended to distribute and administrate insurance products online. The company’s software empowers retailers, service providers, distributors and brokers to offer a selection of custom-developed annex insurance products including life, vehicle, personal, medical and others, through digital channels including distributing, managing and purchasing insurance at the point of sale, enabling businesses offering insurance and omnichannel distributors to reduce administration cost and make better decisions with real-time reporting and insights.
Leadership
Daniel Guasco, Founder & CEO
Yolandie Le Grange, COO
Line of Business
Insurance-as-as-Service Platform
HQ
Cape Town, South Africa
Coterie
Coterie uses APIs to make buying business insurance easy. They meet businesses where they are by integrating with large agencies, digital brokers, and non-traditional partners, to remove hassle and confusion. This results in more customer loyalty, higher revenue, and product differentiation.
Leadership
David McFarland, Co-Founder & CEO
Kevin Mackey, Co-Founder & COO
Tim Metzner, Co-Founder & CSO
Line of Business
Commercial Insurance
HQ
Cincinnati, OH, US
Cove
Cove is seeking to digitalize personal lines general insurance in New Zealand. By automating as much as possible it allows: the customers to self-serve when it suits them, cleaner data by removing human intervention, reduced administration expense, and freed up customer support functions, providing an exceptional service when needed. The tech stack is also built to enable seamless partner integration, allowing businesses with traffic to monetize their customers further.
Leadership
Andy Coon, Co-Founder & CEO
Brett Wilson, Co-Founder & CFO
Rob Coon, Co-Founder & CPO
Line of Business
Auto Insurance
HQ
Auckland, New Zealand
FairClaims
Operator of an online dispute resolution platform intended to find an improved way to handle disputes. The company’s online platform provides a suite of online tools like mediated chat and video arbitration, enabling companies to facilitate disputes resolution, regardless of access to legal counsel or other resources which thereby leads to increased access to justice.
Leadership
Stephen Kane, Co-Founder & CEO
John Boese, Co-Founder & CTO
Line of Business
Online Dispute Resolution
HQ
Los Angeles, CA, US
Galileo
Provider of blockchain-based insurance platform intended to allow insurers and distributors to sell and administer insurance. The company utilizes blockchain technology to connect all participants in the insurance industry through the entire value chain by having a central source of encrypted client and contract data that the distributor, insurer, and reinsurer all use to provide in-depth data analytics and access to new market segments, enabling clients to reduce cost and maximize revenue growth opportunities.
Leadership
Mark Wales, Co-Founder & CEO
Line of Business
Blockchain-Based Insurance Platform
HQ
Hong Kong
Glow
Provider of an insurance platform intended to offer workers’ compensation coverage. The company’s platform integrates workers’ compensation and health insurance regardless of where they are injured by providing coverage to medical, disability and death events, enabling businesses to keep their team safe at affordable prices.
Leadership
Samad Wahedi, Co-Founder & CEO
Line of Business
Workers' Comp Insurance
HQ
San Francisco, CA, US
Handdii
handdii connects insurance companies and their customers straight to a network of top tier contractors enabling fast track property claims. The platform pairs the customer with the contractor they need at a time that suits them. The contractor uses handdii to inspect the property and with the insurers approval can commence work right away. All parties can chat and see progress of repairs and when the customer provides a 5 star rating the contractor is rewarded with fast 7 day payment.
handdii operates in both Australia and the U.S with traditional insurers such as Allianz and fast growth insurers such as Hippo home insurance.
Leadership
Christie Downs, Co-Founder & CEO
Kathryn Wood, Co-Founder & COO
Line of Business
Property Claims Platform
HQ
Melbourne, Australia
Leap
Leap is a provider of innovative occupancy and risk management solutions for the multifamily and single-family rental markets. It is Leap’s mission to improve the financial performance of landlords while making renting more accessible. Its products serve to make apartment and single-family leases more affordable, providing insurance alternatives to security deposits and guarantors. These unique products mitigate the need for landlords to take security deposits, thereby streamlining the leasing process, reducing move-in costs for renters, and driving occupancy rates higher.
Leadership
Richard “Rory” O’Connell, Co-Founder & CEO
Adam Meshekow, Co-Founder & CGO
Michael Davies, Co-Founder & COO
Line of Business
Lease Guarantee and Security Deposit Alternatives
HQ
New Jersey, NJ, US
Nimbla
Nimbla aims to bring the trade credit industry into the 21st century. Challenging traditional insurance models, the cover is flexible and adapts to fit the diversity of businesses that comprise the SME market. Backed by expert risk analysts, Nimbla’s digital insurance platform allows businesses to check a buyer’s ability to pay and insure individual invoices against non-payment in a fast and affordable way. This capability enables business owners to safeguard against insolvent customers, expand into new and existing markets and secure better borrowing terms.
Leadership
Flemming Bengtsen, Founder & CEO
Elizabeth Jenkin, CCO
Hazel Olivier, CTO
Simon Hammond, CFO
Line of Business
Trade Credit Insurance
HQ
London, UK
Openly
Provider of premium Homeowners insurance intended to offer innovative, comprehensive homeowners insurance, wrapped in modern convenience. The company combines technology with a human touch to deliver superior coverage using connected data sources and proprietary underwriting models through national network of independent insurance agents, providing clients with more comprehensive coverage and greater customer service.
Leadership
Ty Harris, Co-Founder & CEO
Matt Wielbut, Co-Founder & CTO
Line of Business
Homeowners Insurance
HQ
Boston, MA, US
Pact
Leadership
Paul Lee, Co-Founder & CEO
Julian Okuyiga, Co-Founder & CTO
Nelson Estrada, Co-Founder & CPO
Line of Business
Auto Insurance TPA
HQ
San Francisco, CA, US
Paxafe
Developer of a risk management platform designed to predict adverse supply chain events. The company’s intelligence platform leverages telematics, third-party and ERP data to de-risk B2B shipments and enables intelligent cargo insurance, providing shippers, 3PLs/carriers, and insurance providers with the ability to intercept at-risk shipments, automate claim diagnosis and root cause analysis, minimize future losses and improve operational efficiencies.
Leadership
Ilya Preston, Co-Founder & CEO
Ashok Seetharam, Co-Founder & CTO
Line of Business
Supply Chain Analytics and Risk Management
HQ
Indianapolis, IN, US
Player’s Health
Player’s Health believes people thrive when they feel valued. With fearless ingenuity, sports expertise, and digital smarts, the team innovates turnkey risk management and insurance solutions for organized athletics, so players can triumph on and off the field. Meet the industry’s new defensive line against risk — ensuring sports organizations are safe and easier to run.
Leadership
Tyrre Burks, Founder & CEO
Kevin Shearer, CFO
Bob Grogan, CTO
Naveen Anand, President of Insurance
Jayson DeMarco, Director of Underwriting
Chris Pesigan, VP of US Insurance
Line of Business
Sports Association Risk Management and Insurance
HQ
Minneapolis, MN, US
Redkik
Redkik is a global Insurtech start-up with the mission to transform and improve the insurance industry for all parties within logistics and transportation. Redkik’s platform eliminates the need for annual and complex insurance policies. Through Redkik’s embedded integration with licensed cargo insurance providers, transport intermediaries can offer their customers on-demand per-shipment, customized cargo insurance when their freight is booked.
Leadership
Chris Kalinski, Founder & CEO
Rob Connell, CFO
Line of Business
Cargo Insurance
HQ
Oxford, MD, US and Joensuu, Finland
Sana Benefits
Developer of a health insurance platform designed to offer health benefits packages for the employees. The company’s platform tracks employees’ health, offers medical advisory and connects them to virtual medical consultants, anytime, enabling small to medium-sized companies to make quality healthcare affordable, accessible, and understandable for their workers, both on and offsite.
Leadership
Will Young, Co-Founder & CEO
Nathan Hackley, Co-Founder & CTO
Line of Business/Sector
Health Benefits
HQ
Austin, TX, USA
Shepherd
Shepherd is an insurtech MGA focused on the middle-market construction industry. The company will initially target the excess casualty market for Construction General Liability (CGL) and Auto insurance but has plans to expand its offerings. The company provides a suite of advanced software products for its retail brokerage distribution partners and leverages data from construction technology platforms to underwrite risks more accurately and efficiently. Shepherd will also provide advancements in risk management capabilities in addition to greater transparency during the claims process.
Leadership
Justin Levine, Co-Founder & CEO
Mohamed El Mahallawy, Co-Founder & CTO
Steven Buonpane, Co-Founder & CIO
Line of Business
Construction Insurance
HQ
San Francisco, CA, US