Greenlight Re CFO to exit triggering leadership reshuffle

Specialist property/casualty reinsurer  Greenlight Capital Re’s chief financial officer is leaving the company at the end of March after almost five years. He joined the Cayman Islands-based reinsurer from Validus Group.

Faramarz Romer, the company’s chief accounting officer and treasurer, has been appointed as new CFO succeeding Neil Greenspan (pictured), effective as of April 1.

Since September 2020, Romer has served in his current role and was previously reporting and compliance officer and oversaw the company’s Securities and Exchange Commission reporting, periodic and annual financial reporting, internal audit and SOX 404 process. Prior to joining the Greenlight Re, Romer was a senior manager at KPMG.

“Faramarz has been an integral member of Greenlight Re’s finance team since 2007 and is the right person to succeed Neil in the Chief Financial Officer role,” said Simon Burton, chief executive officer of Greenlight Re. “He is a highly experienced and capable finance professional. I am confident that in this new role, Faramarz will continue to add to and strengthen our ability to deliver long term value for our clients, partners and investors. On behalf of the Board, I would like to congratulate Faramarz and wish him continued success at Greenlight Re.”

Burton added: “On behalf of everyone at Greenlight Re, I want to thank Neil for his many contributions to the Company over the past five years. We are grateful to Neil for his efforts and for ensuring a smooth and orderly succession. We wish him all of the best in all of his future endeavours.”

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