Greenlight Re names former Arch and XL exec to head up innovation underwriting

Greenlight Capital Re, the Cayman-based specialist property and casualty reinsurer, has hired a Bermuda veteran to head up innovation underwriting.

Heejae Cho joins Greenlight Re with over 18 years of senior underwriting and actuarial experience at ACE, XL and Arch. At Arch Re she served as underwriter, managing specialty and liability classes. More recently she led a startup insurtech, Viridis RS, which used technology and aerial data to help insurance carriers protect farmers by providing early warnings of pest and crop conditions.

At Greenlight Re Cho is responsible for managing the underwriting activities within the growing Greenlight Re Innovations unit, which supports technology innovators and evaluates potential applications to the Company’s reinsurance operations.

Simon Burton, Greenlight Re’s chief executive, said: “Opportunities generated by Greenlight Re Innovations is a key element of our underwriting business and we expect continued growth in this area.”

Cho highlighted Greenlight Re Innovations’ “excellent reputation in the insurtech sector, citing “tremendous potential in the associated underwriting opportunities.”