Greenlight Re COO leaves after less than a year

Cayman Islands-based specialist property and casualty reinsurer Greenlight Capital Re's (Greenlight Re's) chief operating officer (COO)  Michael Belfatti is stepping down from his position as of Sept. 1, 2018.

The reinsurer cited "personal reasons" for Belfatti's departure less than a year after he assumed the position in Aug. 2017.

Prior to joining Greenlight Re in a newly created COO role, Belfatti founded and was CEO of MJ Belfatti & Company, a consulting firm focused on insurance innovation, mergers and acquisitions, and other operational and analytical projects.

He has previously held the position of executive vice president and chief actuary at both Endurance Holdings and Validus Holdings.

Simon Burton, chief executive officer of Greenlight, said: “I want to thank Mike for his contributions to Greenlight Re over the last year. We wish him all the best in his future endeavours.”

Belfatti commented: “I am proud of our accomplishments during my tenure with Greenlight Re. I wish the company and the team much success.”

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