Greenlight Re Board Member Joseph Platt to Retire December 31 After 22 Years of Service

Joseph Platt will retire from the board of directors of Greenlight Reinsurance effective December 31, 2026, the company said in a GlobeNewswire announcement on November 2, 2026. Platt joined the board in 2004, when the company was formed, and has served for more than 22 years.

Platt's Two Decades on the Greenlight Re Board

Platt joined the Greenlight Reinsurance board at the company's founding in 2004. The company said his tenure on the board exceeds 22 years.

David Einhorn, chair of the board, credited Platt's independent judgment and steady counsel. "On behalf of the entire Board, I want to thank Joe for more than 22 years of dedicated service to Greenlight Re," Einhorn said. He added that Platt's commitment to strong governance had been invaluable to the board and shareholders.

Platt said serving on the board since the company's formation had been a privilege. "I am proud of what the Company has built and am confident in the Board and management team as they continue to execute on the Company's strategy," he said.

Greenlight Re writes multiline property and casualty insurance and reinsurance through licensed entities in the Cayman Islands and Ireland and through its Lloyd's platform, Greenlight Innovation Syndicate 3456, according to the company's site.

Greenlight Re's Lloyd's and Partnership Moves

According to akta.pro company records, Greenlight Re launched Greenlight Re Innovations through Lloyd's Syndicate 3456 to evaluate and partner with early-stage insurance technology startups. The company also formed a mutual partnership with Trawick International Limited to secure a new Lloyd's-registered brokerage, gaining direct access to the Lloyd's insurance market. Greenlight Re appointed Asta Managing Agency Limited as principal firm and managing agent for Syndicate 3456, providing Lloyd's market infrastructure and regulatory oversight.

The same records list Bart Hedges and Simon Burton as chief executive officers, Tom Curnock as group chief underwriting officer and Neil Greenspan as chief financial officer.

Greenlight Re's Recent Results

Greenlight Re reported a $6.2 million underwriting profit in the first quarter of 2026, reversing a $7.8 million loss a year earlier, Insurance Business America reported in May 2026. The combined ratio improved 8.6 points to 96.0%, and catastrophe losses fell from $27 million to $5 million.

In October 2026, Seeking Alpha said Greenlight Re trades at roughly 0.72x book value, with underlying underwriting estimated at an 88.7% combined ratio. Buybacks below book are accretive, but Solasglas concentration and volatile returns weigh on valuation, according to that report.