Former Chief Operating Officer of Greenlight Re, Michael Belfatti, has joined Searchlight Capital Partners as a Senior Advisor.
In his new role Belfatti will be involved at a senior level in the firm’s Insurance and Financial Services activities, where he has considerable experience from his time in a series of operating roles throughout the financial services industry.
Prior to serving as COO at Greenlight, Belfatti held numerous industry roles, including Executive Vice President and Chief Actuary at both Endurance Holdings and Validus Holdings.
“Michael’s industry expertise, knowledge and relationships will advance our investment efforts in the traditional and technology-enabled insurance and reinsurance sectors, sectors where we believe Searchlight can source many attractive investment opportunities over the next several years,” said Andrew Frey, a Partner of Searchlight.
“We have known Michael for many years, and we are thrilled that he will be advising our team.”
Commenting on his appointment, Belfatti said, “I’m very much looking forward to contributing to Searchlight’s efforts in the insurance and financial services sectors.”
“It is truly an exciting time of change in insurance driven by innovations throughout the risk pipeline – from safety technologies, customer interfaces, and distribution mechanisms to risk products, data and analytics, and capital vehicles.”
“The Firm’s long track record of operational and financial success make it an ideal partner for this initiative, and I’m honored to be part of it.”