22 April 2021Insurance

Greenlight Re acquires stake in amateur sports insurer Player’s Health

Greenlight Re Innovations (GRI), part of Greenlight Capital Re, the Cayman-based specialist property and casualty (P&C) reinsurer, has made an investment in the amateur sports market.

GRI invested in Ao1 Holdings (Player’s Health), a managing general underwriter that provides insurance and risk management services to amateur sports organisations.

Player’s Health uses proprietary risk management software and develops partnerships with sports management platforms. It tracks protocol evidence and provides injury management insights at a level not previously available in amateur sports.

Simon Burton, Greenlight Re’s chief executive officer (CEO), said: “The sophisticated risk management approach Player’s Health has developed is market leading in the amateur sports sector.”

Tyrre Burks, Player’s Health’s founder and CEO, said: “This partnership is a huge step for the evolution of our business and it allows us to continue to fulfill our mission of creating a safer environment for athletes and giving sports organisations what they need to ensure proper protection.”

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