MIC Global (MIC) intends to become a Lloyd’s coverholder of Greenlight Re’s Syndicate 3456 (S3456), subject to applicable approvals, a strategic move that marks a strengthening of the partnership between both companies.
MIC is focused on embedding micro insurance solutions for platform businesses, while S3456 is specialised in delivering market-leading insurance products through partnerships with leading InsurTechs.
Jamie Crystal, CEO of MIC, said: “We are excited about joining forces with S3456. This allows us to build on our existing partnership and to leverage the scale and resources that S3456 and Lloyd’s bring. We are confident that this will enhance the value we can deliver to our clients and business partners.”
Greenlight Re and MIC have maintained a strategic partnership since its inception, and their collaboration has reached a new level with this recent development.
Both organisations are committed to leveraging their combined knowledge and resources to foster innovation at Lloyd’s.
Pat O’Brien, CEO of Greenlight Re Ireland, commented: “We are delighted to welcome MIC to S3456. We are confident that the combined strength will create an even more dynamic and innovative hub within Lloyd’s.
“The addition of MIC as a coverholder with S3456 will provide substantial value and resources to both Greenlight Re and MIC, and we look forward to building on this strong foundation.”
Lorraine Harfitt, CEO of Asta, a company that manages and creates underwriting businesses, added: “The integration of S5183 with S3456 represents an exciting opportunity for GreenlightRe to further strengthen the innovative capabilities of S3456. We look forward to continuing to work with both entities, supporting their continued growth and success at Lloyd’s.”
