Greenlight Re Invests in Cove
Greenlight Re Innovations, part of Greenlight Capital Re, Ltd., a specialist property and casualty reinsurance company headquartered in the Cayman Islands, has announced it has made a strategic investment in Cove Limited, a personal lines digital MGA.
Launched in September 2018, New Zealand-based Cove enables consumers to purchase insurance products online through a user-friendly interface that operates on mobile and desktop platforms. Cove has re-engineered every step of the process by which people buy insurance, making it simple and affordable.
“We believe Cove’s technology-driven business model has the potential to transform New Zealand’s insurance market. Consumers are demanding a fully online experience, and Cove has delivered it for motor and mobile phone insurance. We look forward to supporting Cove as it develops new product offerings.” – Greenlight Re Chief Executive Officer Simon Burton.