Greenlight Reinsurance, Ltd., a licensed Cayman reinsurance company offering unique reinsurance solution to the insurance, risk retention group, captive and financial marketplace, has announced the appointment of Barton Hedges to the position of president and chief underwriting officer, subject to the receipt of Mr. Hedges’ work permit. Mr. Hedges is expected to join Greenlight Re in January.
Mr. Hedges, who will be relocating from Bermuda to the Cayman Islands, has 19 years of experience in the property and casualty insurance and reinsurance industry and is a Fellow of the Casualty Actuarial Society. Since July 2002, Mr. Hedges has served as President and Chief Operating Officer of Platinum Underwriters Bermuda, Ltd., a property, casualty and finite risk reinsurer that has written $250M in premium annually, where he was responsible for the initial start-up of the Company and managed the company’s day-to-day operations, states a press release.
Len Goldberg, chief executive officer of Greenlight Re, said “We are excited to have someone with Bart’s experience and proven underwriting talents join the Company. Bart will be responsible for building our underwriting franchise and establishing Greenlight Re as a disciplined underwriting shop.”
Mr. Hedges said “I’m excited about the challenge to help build Greenlight Re and the opportunity to be at the forefront of establishing the Cayman Islands as a new and vital reinsurance market. Our underwriting focus will be to provide capacity for non-commoditized reinsurance products.”
In addition to Platinum Underwriters, Mr. Hedges’ previous experience includes serving as EVP of Bermuda-based Scandinavian Reinsurance Company Ltd., Actuarial Consultant at Tillinghast – Towers Perrin, Senior Manager at Deloitte & Touche LLP and Actuarial Manager at United States Fidelity and Guaranty Company, where he began his career in 1987.