GRAND CAYMAN, Cayman Islands, Oct. 05, 2022 (GLOBE NEWSWIRE) — Greenlight Capital Re, Ltd. (NASDAQ: GLRE) (“Greenlight Re” or the “Company”) is happy to announce the next promotions inside its underwriting management groups:
- Regan Cairns has been promoted as Chief Underwriting Officer of Greenlight Reinsurance Ltd., specializing in Financial Risks, North American Casualty, and Property lessons.*
- Finbar (“Barry”) Griffin has been promoted as Chief Underwriting Officer of Greenlight Reinsurance Ireland, dac (“GRIL”), specializing in London Market Specialty and Funds at Lloyd’s lessons.
- Kagabo Ngiruwonsanga has been promoted as Head of Underwriting of Innovations and can handle and oversee underwriting alternatives derived from Greenlight Re Innovations.*
Ms. Cairns and Mr. Ngiruwonsanga, along with Andy Gladwin, who will proceed to function Active Underwriter of Greenlight Innovation Syndicate 3456 and Managing Director of Greenlight Re Marketing U.Okay. Ltd., will report on to the Company’s Chief Executive Officer, Simon Burton. Mr. Griffin will report back to Pat O’Brien, GRIL’s Chief Executive Officer.
Mr. Burton acknowledged, “I am very proud to recognize the significant accomplishments of each of Regan, Barry, and Kagabo by placing them into newly created positions within the Greenlight Re organization. We believe our newly adopted underwriting management model will allow us to better serve our brokers and cedants.”
The Company additionally introduced that Mr. Burton has decided to relinquish his title as Greenlight Re’s Chief Underwriting Officer whereas persevering with his function as CEO and sustaining considerably the identical obligations and authorities inside the Company.
*This appointment is topic to regulatory and immigration approvals.
About Greenlight Capital Re, Ltd.
Greenlight Re (www.greenlightre.com) supplies multiline property and casualty insurance and reinsurance via its licensed and controlled reinsurance entities within the Cayman Islands and Ireland, and its Lloyd’s platform, Greenlight Innovation Syndicate 3456. The Company enhances its underwriting actions with a non-traditional funding strategy designed to realize greater charges of return over the long run than reinsurance corporations that completely make use of extra conventional funding methods. In 2018, the Company launched its Greenlight Re Innovations unit, which helps know-how innovators within the (re)insurance house by offering funding, threat capability, and entry to a broad insurance community.
Forward-Looking Statements
This information launch incorporates forward-looking statements inside the that means of the U.S. federal securities legal guidelines. The Company intends these forward-looking statements to be lined by the secure harbor provisions for forward-looking statements within the U.S. federal securities legal guidelines. These statements contain dangers and uncertainties that might trigger precise outcomes to vary materially from these contained in forward-looking statements made on the Company’s behalf. These dangers and uncertainties embrace the influence of basic financial situations and situations affecting the insurance and reinsurance business, the adequacy of our reserves, our capacity to evaluate underwriting threat, traits in charges for property and casualty insurance and reinsurance, competitors, funding market fluctuations, traits in insured and paid losses, catastrophes, regulatory and authorized uncertainties and different elements described within the Company’s annual stories on Form 10-Okay and 10-Q filed with the Securities and Exchange Commission. The Company undertakes no obligation to publicly replace or revise any forward-looking statements, whether or not because of new info, future occasions, or in any other case.
Investor Relations Contact
Karin Daly
Vice President, The Equity Group Inc.
(212) 836-9623
[email protected]
