Greenlight Re Innovations Announces Investment in Sports Risk Management and Insurance Start-up Player’s Health
April 21 2021 - 8:30AM
Greenlight Re Innovations (“GRI”), part of Greenlight Capital Re,
Ltd. (NASDAQ: GLRE) (“Greenlight Re” or the “Company”), a
specialist property and casualty reinsurance company headquartered
in the Cayman Islands, has announced an investment in Ao1 Holdings
Inc. (“Player’s Health”), a managing general underwriter that
provides insurance and risk management services to the amateur
sports organization market.
Player’s Health utilizes proprietary risk management software
and develops partnerships with sports management platforms. The
platform tracks protocol evidence and provides injury management
insights at a level not previously available in amateur sports.
Greenlight Re CEO Simon Burton said, “The sophisticated risk
management approach Player’s Health has developed is market leading
in the amateur sports sector and we are looking forward to
supporting the Player’s Health team as they grow their
business.”
“We’re grateful to have Greenlight Re as an investor in our
latest funding round,” said Player’s Health Founder and CEO Tyrre
Burks. “This partnership is a huge step for the evolution of our
business and it allows us to continue to fulfill our mission of
creating a safer environment for athletes and giving sports
organizations what they need to ensure proper protection.”
Player’s Health represents the fourteenth strategic investment
made by GRI.
About Greenlight Capital Re, Ltd.
Established in 2004, Greenlight Re (www.greenlightre.ky) is a
NASDAQ listed company with specialist property and casualty
reinsurance companies based in the Cayman Islands and Ireland.
Greenlight Re provides risk management products and services to the
insurance, reinsurance, and other risk marketplaces. The Company
focuses on delivering risk solutions to clients and brokers who
value Greenlight Re's expertise, analytics and customer
service.
About Greenlight Re Innovations
GRI was launched in March 2018. The unit supports technology
innovators in the (re)insurance space by providing investment, risk
capacity, and access to a broad insurance network. The unit
consists of experienced actuaries, underwriters, and executives
with a deep understanding of (re)insurance and the ability to help
startups navigate the complex insurance ecosystem.
About Player’s Health
Player’s Health believes people thrive when they feel valued.
With fearless ingenuity, sports expertise, and digital smarts, the
team innovates turnkey risk management and insurance solutions for
organized athletics, so players can triumph on and off the field.
Meet the industry’s new defensive line against risk — ensuring
sports organizations are safe and easier to run. Find out more at
https://playershealth.com/.
Forward Looking Statements
This news release contains forward-looking statements within the
meaning of the U.S. federal securities laws. The Company intends
these looking statements to be covered by the safe harbor
provisions for forward-looking statements in the U.S. Federal
securities laws. These statements involve risks and uncertainties
that could cause actual results to differ materially from those
contained in forward-looking statements made on behalf of the
Company. These risks and uncertainties include the impact of
general economic conditions and conditions affecting the insurance
and reinsurance industry, the adequacy of our reserves, our ability
to assess underwriting risk, trends in rates for property and
casualty insurance and reinsurance, competition, investment market
fluctuations, trends in insured and paid losses, catastrophes,
regulatory and legal uncertainties and other factors described in
the Company’s annual report on Form 10-K filed with the Securities
Exchange Commission. The Company undertakes no obligation to
publicly update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise.
For further information contact:
Investor Relations
Adam Prior The Equity Group Inc. (212) 836-9606
IR@greenlightre.ky
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