Greenlight Re, the hedge fund backed reinsurance firm that counts David Einhorn’s Greenlight Capital hedge fund as its investment manager, has hired Simon Burton as its new permanent Chief Executive Officer.
Burton was previously the Chief Executive Officer of SAC Re, the total-return or hedge fund strategy reinsurance firm that had been backed by Steven A. Cohen and SAC Capital, but which was then bought by Hamilton Insurance Group.
Before SAC Re, Burton worked at Lancashire Group, including in leadership roles up to CEO at the re/insurers Bermuda subsidiary.
Burton will take on his new role as of the 1st July 2017, succeeding Leonard Goldberg who has been interim CEO and will remain a member of the Company’s Board of Directors. Burton will also take a position on the Greenlight Re Board of Directors.
“Following a comprehensive search process, we identified Simon as the clear choice to bring Greenlight Re to its next phase of growth. Given his more than 20 years of insurance and reinsurance experience, and his proven track record building profitable underwriting platforms, Simon will be a terrific leader for our team,” commented David Einhorn, Chairman of the Board of Directors of Greenlight Re. “We are thrilled that Simon accepted our offer.”
“I am very excited to be joining Greenlight Re and am appreciative of David and the Board for this opportunity,” added Burton. “Greenlight Re has tremendous talent and an excellent platform. I am looking forward to leading the company to profitably grow the business and help maximize shareholder value over the long term.”
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