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Former Bermuda executive joins board of Cayman reinsurer

A former executive in the Bermuda insurance market has been named as an independent director of Greenlight Capital Re Ltd, the Cayman-based specialist property and casualty reinsurer.

Victoria Guest was among three independent directors appointed to the Greenlight board, taking the number of board members to nine.

Ms Guest currently serves on the board of directors of the Bessemer Group, Incorporated and its principal subsidiary banks, and the board of managers of Bessemer Securities LLC and its principal subsidiary.

Previously, she was general counsel and corporate secretary of Hamilton Insurance Group, a Bermuda-based holding company for insurance and reinsurance operations, from December 2013 until retirement in November 2017.

Ms Guest has also served as general counsel and corporate secretary of SAC Re Holdings, Ltd, a Bermuda-based reinsurer, as well as Ariel Holdings and RAM Holdings.

She has a Juris Doctor from Harvard Law School and a Bachelor of Arts from Stanford University.

The company also appointed Johnny Ferrari and Ursuline Foley to its board.

Mr Ferrari is currently a consultant to companies in the financial services industry after having retired from KPMG International in June.

Ms Foley currently serves on the board of directors of Provident Financial Services, Inc and Provident Bank and is a member of the Risk and Technology committees. She also serves as a director of DOCOsoft Ltd, a software company providing claims management, document management and workflow software solutions for the global insurance and financial services markets.

David Einhorn, chairman of the board, said: “We are honoured to welcome John, Urs and Victoria to the board. Each brings a wealth of financial industry, operational and governance experience and expertise that will complement the board and assist our management as Greenlight Re continues to build upon our recent successes.”

Bermuda market veteran Simon Burton is chief executive officer and chief underwriting officer at Greenlight Re.

Prior to joining the company in 2017, he was the founding chief executive officer of SAC Re until its sale to Hamilton Insurance Group. His other executive roles include deputy chief executive at Lancashire Group and chief executive officer of Lancashire’s Bermuda subsidiary.

He also spent 10 years at ACE Limited in a variety of roles, including leading an underwriting division as president of Financial Solutions International.

Colleagues reunited: The former SAC Re Team (front row) of CEO Simon Burton, general counsel Victoria Guest, and CFO Jonathan Reiss. In the back row are office manager Jessica Crumley, and head of risk and analytics Pete Skerlj. Mr Burton is CEO of Greenlight Capital Re Ltd, while Ms Guest has joined the board of directors (File photograph)

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Published August 04, 2021 at 11:43 am (Updated August 04, 2021 at 5:20 pm)

Former Bermuda executive joins board of Cayman reinsurer

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