UNDERWRITING

Greenlight Re offers excess of loss, quota share, stop-loss, and structured products across a range of classes in the property and casualty market. Our underwriting approach varies by class and type of opportunity.

LOCATIONS

CAYMAN ISLANDS

Our Cayman Islands office services US and international cedants in the property, casualty, financial risks, and agriculture classes. Our key areas of focus include General Liability, Workers Compensation, Mortgage, Specialty Credit & Surety, Transactional Liability, and North American Crop. We also consider Property Cat on a selective basis.

IRELAND

In the London and European market, our focus is primarily on specialty classes including marine and energy, satellite, aviation, terrorism and political risk.

GREENLIGHT RE
UNDERWRITING

With our team of experienced underwriters, Greenlight Re offers our clients and brokers capacity and expertise across a broad range of treaty reinsurance classes of business.

CASUALTY & WORKERS' COMPENSATION

CASUALTY

We write a diverse range of liability sub-classes on a quota share and excess of loss basis (both working and catastrophe layers). Our primary target is a short-to-medium loss reporting tail, but we are willing to consider long-tail.

REINSURANCE TYPE

Quota share and excess of loss

TERRITORIAL SCOPE

Worldwide

We work to establish long term reinsurance relationships with casualty clients and are committed to understanding their business and providing collaborative capital support.

CLASSES COVERED

  • General Third-Party Liability (primary, excess, umbrella)
  • Commercial Multi-Peril / Businessowners Liability
  • Contractors’ and Project Liability
  • Personal and Commercial Automobile Liability
  • Public Entity and Non-Profit Classes
  • Professional Indemnity
  • Directors & Officers
  • Errors & Omissions
  • Title
  • Representations & Warranties Liability
  • Medical Malpractice (doctors, facilities)
  • Pharmacists and Dentist Professional Liability
  • Miscellaneous Casualty, including Product Liability, Employment Practices Liability, Employee Benefits Liability, Environmental Indemnity, Sport Liability, Garage Liability, Fiduciary Liability.

WORKERS' COMPENSATION

Workers’ Compensation is written on a stand-alone basis or packaged with other main-street and industrial commercial insurance lines. We provide lead or following lines with a broad appetite from low hazard to more difficult and specialized class codes.

REINSURANCE TYPE

Quota share and excess of loss (working and catastrophe layers)

TERRITORIAL SCOPE

Nationwide

CLASSES COVERED

  • Workers’ Compensation
  • Employers’ Liability
  • Occupational Accident

Innovations / Insurtech

INNOVATIONS / INSURTECH

We actively support innovative companies that look to disrupt the insurance market by providing better products to customers using data and technology. Our appetite includes a wide range of classes of business through both quota share and excess of loss reinsurance.

We primarily support strategic partners we have invested in via Greenlight Re Innovations (see here) and we will also selectively consider Insurtech opportunities which are not associated with our Innovations unit.

 

REINSURANCE TYPE

Quota share and excess of loss (working and catastrophe layers)

TERRITORIAL SCOPE

Worldwide

CLASSES COVERED

  • We will consider a broad range of classes

MORTGAGE & CREDIT

MORTGAGE & CREDIT

We write a diversified portfolio on a quota share and excess of loss basis.

REINSURANCE TYPE

Quota share and excess of loss

TERRITORIAL SCOPE

Worldwide

CLASSES COVERED

  • Mortgage Indemnity
  • Trade Credit
  • Surety
  • Political Risk and Contract Frustration

PROPERTY

PROPERTY

We offer rated capacity in the property catastrophe space with an appetite for reinsurance and retrocessional placements on an occurrence excess of loss and quota share basis. We will also consider Property Per Risk and Aggregate Excess of Loss placements.

REINSURANCE TYPE

Quota share and excess of loss

TERRITORIAL SCOPE

Worldwide

CLASSES COVERED

  • Property Cat
  • Property Treaty
  • Homeowners

SPECIALTY

MARINE & ENERGY

We write a worldwide portfolio on a quota share and excess of loss basis, which is split between the London market and international business. Protection is offered either on a standalone or multi-class basis and ranges from simple single class/territory treaty offerings to complex global programs.

REINSURANCE TYPE

Quota share and excess of loss

TERRITORIAL SCOPE

Worldwide

CLASSES COVERED

  • Hull & Machinery –  yachts, construction and war
  • Marine Property – Ports and Terminals
  • Cargo – project cargo and war
  • Specie – general specie, fine art, jewelers block and cash in transit
  • Marine and energy liabilities
  • Energy – onshore & offshore (including GOM wind), renewables
  • War – both marine and aviation
  • Political violence and terrorism
  • Aquaculture

TERROR & POLITICAL VIOLENCE

We write Terror and Political Violence cover on a stand-alone business or as part of a package with the other perils listed in the Marine and Energy section.

REINSURANCE TYPE

Quota share and excess of loss

TERRITORIAL SCOPE

Worldwide

CLASSES COVERED

  • Country Pools
  • Sabotage & Terrorism
  • War on Land
  • Strikes/Riots/Civil Commotion.

AVIATION & SPACE

REINSURANCE TYPE

Quota share and excess of loss

TERRITORIAL SCOPE

Worldwide

CLASSES COVERED

  • Airline
  • Aerospace
  • General Aviation
  • Aviation Hull War
  • XS AVN52
  • Space Launch Risks
  • Space In Orbit

CYBER

REINSURANCE TYPE

Quota share, excess of loss, and stop-loss

TERRITORIAL SCOPE

Worldwide

CLASSES COVERED

  • We will consider cyber risks from across a wide range of industries, including first-and third-party risks.

WHOLE ACCOUNT & FUNDS AT LLOYD'S

We provide Funds at Lloyd’s capacity to a number of Lloyd’s syndicates through a dedicated corporate member. We aim to build long-term strategic partnerships, generally supporting our Lloyd’s partners’ outward reinsurance programs.

We also consider whole-account covers on a quota share and excess of loss basis for specific cedants.

AGRICULTURE

We write a global portfolio of agriculture treaty business comprising quota share, excess of loss and stop loss business. We cover traditional agriculture insurance in a follow-line capacity.

REINSURANCE TYPE

Quota share, excess of loss, and stop-loss

TERRITORIAL SCOPE

Worldwide

CLASSES COVERED

  • Crops (hail, named perils, MPCI, revenue insurance)
  • Livestock Mortality (disease, epidemics, transit)
  • Forestry (fire and adverse weather)
  • Aquaculture

US AUTO

US AUTO

We write private passenger auto on a stand-alone basis providing leading or following lines. We write commercial auto on a package, multi-line basis with other main-street commercial insurance lines or on a stand-alone basis (excluding long haul trucking).

REINSURANCE TYPE

Quota share and excess of loss

TERRITORIAL SCOPE

Nationwide

CLASSES COVERED

  • Private Passenger Auto, Standard & Preferred
  • Non-Standard Auto
  • Commercial Auto (multiple classes)