Greenlight Re creates COO position for former Validus and Endurance chief actuary

Cayman Islands-based specialist property/casualty reinsurer Greenlight Capital Re has hired Michael Belfatti to the newly-created position of chief operating officer.

Prior to joining the company, 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. Prior to that, Belfatti also held senior roles at the Tillinghast Business of Towers Perrin and at ACE Financial Solutions.

At Greenlight Re, Belfatti’s responsibilities as COO will include oversight of the company’s pricing, actuarial and risk management functions, and spearheading data collection, analytics and technology efforts across the Company. As a member of the executive team he will also assist with the development and execution of the company’s overall strategy.

Belfatti will report directly to Simon Burton, chief executive officer of Greenlight Re.

"We are delighted to have Mike join the Greenlight Re team," said Burton. "I have followed Mike’s career closely over the past 15 years and he is one of the most capable people I know. Mike’s extensive experience overseeing reinsurance pricing and risk management, and his deep knowledge of data analytics innovation, makes him an ideal fit for our long-term goals."

Belfatti commented: "I am excited to be joining Simon and the Greenlight Re team. The agile nature of Greenlight Re offers a unique opportunity to respond to changing risks and technologies in an efficient and innovative fashion. I look forward to contributing to the Company’s market leadership and success in maximizing shareholder value over the long term."

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