Greenlight Re strengthens board with investment specialist

Cayman Islands headquartered property and casualty reinsurance company Greenlight Re has added a ninth board member, bringing it additional investment expertise and experience.

Greenlight Re is of course no newcomer to the investment world, being backed by hedge fund manager David Einhorn and his Greenlight Capital fund, but with investment returns having dwindled over this year now is perhaps a good time to strengthen that side of the business.

Greenlight Re said that Hope Schefler Taitz has been appointed to its Board of Directors as an independent director, effective 25th July 2017.

Taitz will serve on Greenlight Re’s Nomination and Governance Committee, bringing extensive financial market experience, both in leading teams and in making investments across a wide range of industries.

Taitz has broad public and private company experience, as well as in-depth experience in technology, digital and social media and engaging with millenials, Greenlight Re said.

Taitz is currently the CEO of ELY Capital, where she has a focus on consumer and tech investments. Previously she served as Managing Partner of Catalyst Partners, a long-short hedge fund, a portfolio manager at Crystal Asset Management, at The Argosy Group (now part of CIBC) and at Drexel Burnham Lambert.

Taitz currently sits on the boards of Athene Holding Ltd., MidCap FinCo and Summit Hotel Properties, Inc.

Year-to-date Greenlight Re’s investment portfolio has a negative -0.7% return, which drove the company to a loss in the latest quarter. The reinsurance company will be hoping to turn this around over the rest of the year and July’s +1.8% return shows that the company could already be on the right track.

News source: Reinsurance News

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