MIC Global (MIC) is pleased to announce that it intends to become a Lloyd’s coverholder of Greenlight Re’s Syndicate 3456 (S3456) subject to applicable approvals. This strategic move marks a strengthening of the partnership between MIC and Greenlight Re, building on their shared focus on innovation within the Lloyd’s market.
MIC is focused on embedding micro insurance solutions for platform businesses, while S3456 is specialised in delivering market-leading insurance products through partnerships with leading InsurTechs.
Greenlight Re has been a strategic partner of MIC since its inception, and this next step further solidifies this collaboration. Both parties aim to leverage their collective expertise and resources to drive greater innovation at Lloyd’s.
Jamie Crystal, CEO of MIC, said: “We are excited about joining forces with S3456. This allows us to build on our existing partnership and to leverage the scale and resources that S3456 and Lloyd’s bring. We are confident that this will enhance the value we can deliver to our clients and business partners.”
Pat O’Brien, CEO of Greenlight Re Ireland, added: “We are delighted to welcome MIC to S3456. We are confident that the combined strength will create an even more dynamic and innovative hub within Lloyd’s. The addition of MIC as a coverholder with S3456 will provide substantial value and resources to both Greenlight Re and MIC, and we look forward to building on this strong foundation.”
Lorraine Harfitt, CEO of Asta, said: “The integration of S5183 with S3456 represents an exciting opportunity for GreenlightRe to further strengthen the innovative capabilities of S3456. We look forward to continuing to work with both entities, supporting their continued growth and success at Lloyd’s.”