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July 3, 2019

Greenlight Re Innovations makes strategic investment in Battleface

Greenlight Re Innovations, a division of property and casualty reinsurer Greenlight Capital Re, has made a strategic investment in travel managing general agent (MGA) Battleface.

Battleface offers insurance for travel to remote, unstable or dangerous locations. The company serves contractors, explorers, journalists, humanitarian workers, freelancers and adventure seekers.

Battleface’s tech-driven  platform is supported by a team of assistance coordinators, medical providers and on-the-ground field agents who offer emergency claims, medical and travel assistance services on a global basis.

Using an API-based distribution system, Battleface creates custom and white-label products. The Cayman Islands-based company said that its platform allows addition of new riders, benefits and pricing.

Greenlight Re CEO Simon Burton said: “Battleface is led by a team of experienced travel insurance professionals who have identified a niche demand for insurance that is not adequately met through traditional travel insurers. We are excited to support them as both a strategic investor and risk partner.”

Battleface CEO Sasha Gainullin said: “Not only does the investment take us on to the next phase of our business development, it also gives us access to a new client base and the opportunity to provide tailored products and services to unconventional travellers and international workers who we otherwise would not have been able to reach.”

Founded in 2004, Greenlight Re offers risk management products and services to the insurance, reinsurance and other risk marketplaces.

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