Former Canopius boss Traynor will oversee recruitment and UK/European growth
Greenlight Reinsurance Ireland Ltd, a subsidiary of Cayman-based specialist property and casualty reinsurer Greenlight Capital Re Ltd has appointed Caryl Traynor as general manager.
Traynor will operate out of the company’s Dublin office and will be responsible for recruiting experienced staff and building the business in the UK and Europe.
“We see opportunity in the European market right now, and are pleased to have Caryl aboard to oversee the expansion of our capabilities,” said Greenlight Capital Re chief executive Bart Hedges.
“An immediate focus will be to identify and recruit qualified staff to build our team and better position us to serve the needs of clients as we pursue opportunities in the reinsurance marketplace.”
Traynor said: “Our primary focus is developing long-term reinsurance relationships with partners in the UK and Europe. We see many avenues for growth in Europe created by changing market conditions, Solvency II and other imposed capital constraints. We believe Greenlight Re Ireland is well positioned to capitalise on these opportunities.”
Traynor joined Greenlight Re Ireland from the Canopius Group, where he served as chief executive of Canopius Ireland Ltd for the last four years. In his previous role, he was responsible for establishing an office in Ireland and creating a market profile and presence in a market segment where the company had not previously participated. Prior to that, he was a director at GE Insurance Solutions/Swiss Re, where he underwrote reinsurance business in the London, Europe, US and Bermuda markets.
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