Reinsurance News
Greenlight Re Innovations
Greenlight Re Innovations partners with Aanika Biosciences
31st March 2023
Greenlight Re Innovations, a unit of re/insurer and strategic investor Greenlight Re, has entered into a partnership with Aanika Biosciences Inc., a Brooklyn-based biotechnology company. Through the partnership, Aanika will be able to expand and grow its bio-backed insurance offerings, which will drive major footprint for the firm. Founded in 2018 in ... Read the full article
Greenlight Re Innovations invests in security deposit replacement insurance start-up
1st June 2022
Greenlight Re Innovations, part of Greenlight Capital Re, Ltd. has announced an investment in the security deposit replacement insurance managing general agent (MGA) start-up, Garentii. With security deposits having long been the standard form of landlords’ security against property damage and unpaid rent, they do however represent an inefficient use of ... Read the full article
Greenlight Re Innovations invests into Redkik
10th February 2022
Greenlight Re Innovations has invested an undisclosed amount into cargo insurance administration and analytics platform Redkik. The investment, said Greenlight Re in a statement, is in an API-embedded solution designed for cargo owners who cannot accurately predict the frequency and value of future shipments, eliminating pricing inefficiencies. Simon Burton, CEO of Greenlight ... Read the full article
Greenlight Re to establish Lloyd’s Syndicate 3456
31st January 2022
Greenlight Re Innovations (GRI) has received ‘in-principle’ approval from Lloyd’s to establish an insurtech-focused syndicate. Syndicate 3456 will be established under the Syndicate-in-a-Box (SIAB) model and is slated to commence operations in Q2 2022. Greenlight Re said in a statement that it would provide capacity to its growing portfolio of insurtechs. ... Read the full article
Greenlight Re Innovations backs title insurtech Blueprint
12th November 2021
Greenlight Re Innovations, part of Greenlight Capital Re, has invested in Blueprint, a full-stack title insurer focused on the digitalisation and integration of new technologies into the industry. More specifically, Blueprint reduces the historically-outsized expense ratios associated with title insurance by centralising underwriting and agency operations under a full-stack carrier. The company ... Read the full article
Greenlight Re Innovations invests in Shepherd Labs
3rd September 2021
Greenlight Re Innovations (GRI), part of Greenlight Capital Re, has invested in Shepherd Labs, (Shepherd), a construction insurance MGA with a focus on providing insurance options to middle-market contractors that devote resources to utilising technology and data. Shepherd is a technology-centric MGA that plans to leverage new construction technologies to optimise ... Read the full article
Greenlight Re Innovations invests in Paxafe
4th June 2021
Greenlight Re Innovations, a division of specialist hedge fund-backed property and casualty reinsurer Greenlight Capital Re, has invested in Paxafe, a supply-chain visibility and analytics platform focused on high value and perishable cargo. Historically, shippers and insurers have lacked certain basic insights into shipments’ location, condition, and custody, whereas this platform ... Read the full article
Greenlight Re Innovation invests in TradeCrediTech
29th March 2021
Greenlight Re Innovations, a division of specialist hedge fund-backed property and casualty reinsurer Greenlight Capital Re, has announced an investment in TradeCrediTech (Nimbla). Nimbla is a digital managing general underwriter focusing on the small and medium-sized enterprise (SME) credit insurance market. Based in London, it provides a technology-centric, highly automated MGA that ... Read the full article
Greenlight Re Innovations invests in API-based commercial insurer
19th September 2019
Greenlight Re Innovations, a division of specialist hedge fund-backed property and casualty reinsurer Greenlight Capital Re, has invested in Coterie Applications, a digital managing underwriter focused on the SME commercial insurance market. Greenlight Re Chief Executive Officer Simon Burton explained that the SME commercial space in the US has not yet ... Read the full article
Greenlight Re Innovations invests in claims platform, Handdii
9th August 2019
Greenlight Re Innovations, a division of specialist hedge fund-backed property and casualty reinsurer Greenlight Capital Re, has invested in property insurance claims platform, Handdii. Handdii is an Australia-based company whose platform focuses on routine property claims with the aim of reducing claims handling costs and repair time, whilst also improving customer ... Read the full article
Greenlight Re invests in New Zealand MGA startup, Cove
22nd July 2019
Greenlight Re Innovations, a division of property and casualty (P&C) reinsurer Greenlight Capital Re, Ltd., has made a strategic investment in New Zealand domiciled personal lines digital managing general agent (MGA), Cove Limited. Cove was launched in September 2018 and provides consumers with the ability to purchase insurance solutions online via ... Read the full article
Greenlight Re Innovations invests in specialist travel insurer, Battleface
2nd July 2019
Greenlight Re Innovations, a division of specialist hedge fund-backed property and casualty reinsurer Greenlight Capital Re, has made a strategic investment in specialist travel managing general agent, Battleface, Inc. Battleface specialises in insurance services for travel to remote, unstable or dangerous parts of the world. The company's tech-driven platform is designed ... Read the full article
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