Greenlight Capital Re, the specialist hedge fund backed property and casualty (P&C) reinsurer headquartered in the Cayman Islands, has announced that its chief operating officer (COO), Michael Belfatti, will be stepping down from his role for personal reasons.

Belfatti, who was appointed to the newly created role in August 2017, will depart the company as of 1 September 2018.

Before joining Greenlight Re, Belfatti was founder and CEO of consulting firm M. J. Belfatti & Company, before which he held a number of senior roles at Endurance Holdings, Validus Holdings, the Tillinghurst Business of Towers Perrin, and ACE Financial Solutions.

Greenlight Re has been providing specialist P&C risk management products and services to the insurance and reinsurance markets since 2004.

Simon Burton, CEO of Greenlight Re said: “I want to thank Mike for his contributions to Greenlight Re over the last year.”

Belfatti added: “I am proud of our accomplishments during my tenure with Greenlight Re. I wish the company and the team much success.”