Greenlight Re swoops for Bermuda market veteran with insurtech initiatives

Specialist property/casualty reinsurer  Greenlight Capital Re has hired a former senior ACE, XL and Arch executive, who has also led an insurtech start-up, to head up innovation underwriting. The company is seeing continued growth in this segment.

Heejae Cho joins Greenlight Re with over 18 years of senior underwriting and actuarial experience at ACE, XL and Arch.

Cho also led a startup insurtech Viridis RS, which utilised technology and aerial data to help insurance carriers protect farmers by providing early warnings of pest and crop conditions. Prior to her time at Viridis, she served as an underwriter at Arch Re, where she managed specialty and liability classes.

In her new role, Cho will be responsible for managing the underwriting activities within Greenlight Re's innovations unit, which supports technology innovators and evaluates potential applications to the company’s reinsurance operations.

“Opportunities generated by Greenlight Re Innovations is a key element of our underwriting business and we expect continued growth in this area,” said Simon Burton, Greenlight Re’s chief executive. “Heejae has over 18 years of experience in the Bermuda market and with insurtech initiatives. We are delighted to welcome her to the team.”

Cho commented: “ Greenlight Re Innovations has built an excellent reputation in the Insurtech sector, and there is tremendous potential in the associated underwriting opportunities.”

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