Greenlight Capital Re has appointed Michael Belfatti to the newly created position of COO.
Belfatti’s responsibilities will include overseeing the company’s pricing, actuarial and risk management functions, and spearheading data collection, analytics and technology.
He will also assist with the development and execution of the firm’s overall strategy.
Belfatti will report directly to Simon Burton, CEO of Greenlight Re. Commenting on the appointment, Burton said: “We are delighted to have Mike Belfatti join the Greenlight Re team. I have followed Belfatti’s career closely over the past 15 years and he is one of the most capable people I know.”
“[His] extensive experience overseeing reinsurance pricing and risk management, and his deep knowledge of data analytics innovation, makes him an ideal fit for our long-term goals.”
Belfatti brings more than 20 years of reinsurance and insurance industry experience.
Prior to joining Greenlight, Belfatti founded and was CEO of M. J. Belfatti & Company, a consulting firm focused on insurance innovation, mergers and acquisitions, and other operational and analytical projects.
He commented: “I am excited to be joining Simon Burton and the Greenlight Re team. The agile nature of Greenlight Re offers a unique opportunity to respond to changing risks and technologies in an efficient and innovative fashion. I look forward to contributing to the Company’s market leadership and success in maximising shareholder value over the long term.”