Greenlight Re invests in travel insurance MGA Battleface

Cayman Islands-based reinsurer Greenlight Capital Re has made a strategic investment in travel medical insurance managing general agent Battleface.

Battleface specialises in insurance that covers travel to remote, unstable or dangerous locations, catering to contractors, explorers, journalists, humanitarian workers, freelancers and adventure seekers who are currently underserved by traditional travel insurance products.

Battleface builds custom and white-label products via an API-based distribution system.

The investment was made through the property and casualty reinsurer's new innovation unit, Greenlight Re Innovations.

Greenlight Re chief executive officer 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 chief executive officer Sasha Gainullin said: “We are enthusiastic about what this partnership brings to our platform. 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 travelers and international workers who we otherwise would not have been able to reach.”

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