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Greenlight Capital Re Appoints Bart Hedges as CEO Successor

Posted on 22 Aug 2011

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Greenlight Capital Re, Ltd., a specialist property and casualty reinsurance company headquartered in the Cayman Islands, today announced that Bart Hedges has been appointed Chief Executive Officer. Mr. Hedges succeeds Len Goldberg, who, as previously announced, retired as Chief Executive Officer effective today.

Mr. Hedges, 46, joined Greenlight Re in January 2006 as President and Chief Underwriting Officer and has nearly 25 years of property and casualty insurance and reinsurance experience. In addition to his promotion to Chief Executive Officer, Mr. Hedges has been appointed to serve on the board of directors of the company and each of its operating subsidiaries, Greenlight Reinsurance, Ltd. and Greenlight Reinsurance Ireland, Ltd.

“We look forward to Greenlight Re’s continued growth under Bart’s leadership,” said David Einhorn, Chairman of the Board of Directors of Greenlight Re.

“Bart joined the company shortly after its formation and has played a critical role in establishing our reputation in the market; he demonstrates a clear commitment and compelling vision for the company.”

“I am very pleased to have the opportunity to lead our team as we continue to build Greenlight Re. I look forward to our further success as we realize market opportunities that serve our clients, our partners and our shareholders,” said Bart Hedges, Chief Executive Officer of Greenlight Re.

Prior to joining Greenlight Re, Mr. Hedges served as President and Chief Operating Officer of Platinum Underwriters Bermuda Ltd., where he was responsible for the initial start-up of the company and managed day-to-day operations. Mr. Hedges also held executive positions at Scandinavian Reinsurance Company Bermuda Ltd., as President and Chief Executive Officer and as Executive Vice President and Chief Operating Officer. Mr. Hedges is a Fellow of the Casualty Actuarial Society, and a Member of the American Academy of Actuaries. He received a Bachelor of Science in Mathematics from Towson State University.

Mr. Goldberg served as Chief Executive Officer and a Director of Greenlight Re since August 2005 and will remain on the Board of the company.