Greenlight Re

What is Greenlight Re?

Greenlight Re Innovations is a part of Greenlight Re, a specialist property and casualty reinsurance company.

This division supports technology innovators, particularly in the (re)insurance space, by providing them with investment capital, risk capacity, and access to a broad insurance network, which includes significant relationships across the value chain that can help accelerate partnership opportunities with customers, service providers, and other (re)insurers.

Greenlight Re Innovations targets early-stage companies in Insurtech and related areas such as Software, PropTech, Business Solutions, FinTech and Financial Services, IoT and Wearables, AI and Big Data, HealthTech and Fitness, Analytics, Insurance and InsurTech, Real Estate and Construction.

They support women-focused enterprises among other sectors.

With an investment sweet spot of around $750,000, the fund offers pre-seed to Series B stage financial backing ranging from a minimum of $250,000 to a maximum of $2,500,000. The unit's professionals possess expertise in underwriting, analytics, and investment management, along with a significant understanding of the (re)insurance market and capabilities such as pricing, reserving, underwriting, and claims.

They can co-develop products with their portfolio companies as part of the incubation process and are capable of aiding in the creation of fronting arrangements or reinsuring primary carriers. The portfolio showcases an array of companies with innovative solutions in various insurance niches, reflecting the fund's commitment to technological innovation and specialization in the sector.

Greenlight Re Innovations values teams that are open to a partnership approach where the fund can lower execution risk and assist with growth. The team members, including the Head of Innovations, Brian O'Reilly, and Chief Underwriting Officer - Innovations, Kagabo Ngiruwonsanga, bolster the division’s strategic capacity in the industry.