Cayman Islands domiciled specialty reinsurer, Greenlight Capital Re, Ltd., has announced Simon Burton as its new Chief Executive Officer (CEO), effective July 1st, 2017.
Burton succeeds Leonard Goldberg who is to step down as interim CEO but will remain on the firm’s Board of Directors. The company has announced that Burton will also join its Board of Directors once the appointment becomes effective.
“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 maximize shareholder value over the long term,” said Burton.
Burton previously held the role as CEO of SAC Re from its establishment until it was acquired by Hamilton Insurance Group. Before SAC Re, he held a number of executive positions at Lancashire Group, which included Deputy CEO and CEO of its Bermuda division.
David Einhorn, Chairman of the Board of Directors of Greenlight Re, commented; “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. We are thrilled that Simon accepted our offer.”