Specialist property and casualty reinsurer Greenlight Capital Re has launched UK marketing company, dubbed Greenlight Re Marketing (UK).

The move will allow Cayman Islands-headquartered reinsurer to increase its presence in the London market.

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Greenlight Re UK will be led by Andrew Gladwin, who previously served as Canopius global head of Marine Treaty and Swiss Re London Market Treaty lead.

Greenlight Re chief executive Simon Burton said: “London market specialty business is now central to Greenlight Re’s portfolio. Greenlight Re UK will facilitate further growth in this area.

“Andy Gladwin is a recognised expert in Marine & Energy reinsurance, with over 30 years of experience in this market. We are delighted to welcome him to our team.”

Gladwin added: “This is an exciting time in the market, and I look forward to contributing to the growth of Greenlight Re’s book.”

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Greenlight Re, which also has operation in Ireland, offers risk management products and services to the insurance, reinsurance and other risk marketplaces.

In July last year, the company made a strategic investment in Cove, a New Zealand-based personal lines managing general agent and Lloyd’s coverholder, through its subsidiary Greenlight Re Innovations (GRI).

This followed the company’s strategic investment in travel managing general agent Battleface.

In May this year, US-based insurtech firm EIS launched its coretech platform and entered into the UK market with new insurance products for domestic insurers.

In April this year, Sompo International decided to consolidate its London presence into one company market platform as part of its ongoing transformation initiative.