Greenlight Capital Re, a Cayman Islands-based provider of reinsurance solutions to insurers, risk retention groups and captives, has appointed Simon Burton as its CEO, effective July 1.
Burton succeeds Leonard Goldberg, who will step down as interim CEO, although will remain a member of Greenlight Capital Re’s board of directors.
Furthermore, Burton will also be joining the company’s board of directors.
Burton previously served as CEO of SAC Re until its sale to Hamilton Insurance Group. Here he was responsible for building the company’s global reinsurance portfolio, which supported the material growth in book value.
Prior to this, Burton served in an number of roles at Lancashire Group, including deputy CEO and CEO of its Bermuda subsidiary.
He has also served as president of ACE.
“Following a comprehensive search process, we identified Simon as the clear choice to bring Greenlight Re to its next phase of growth. Given his more than 20 years of insurance and reinsurance experience, and his proven track record building profitable underwriting platforms, Simon will be a terrific leader for our team,” said David Einhorn, chairman of the board of directors of Greenlight Re. “We are thrilled that Simon accepted our offer.”
Burton commented: “I am very excited to be joining Greenlight Re and am appreciative of David and the Board for this opportunity. Greenlight Re has tremendous talent and an excellent platform. I am looking forward to leading the company to profitably grow the business and help maximise shareholder value over the long term.”
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Greenlight Capital Re, Appointment, Simon Burton, Captives, Insurance, Cayman Islands