Greenlight Re has named Tim Courtis as chief financial officer.

Since 1994, Courtis has been at European International Reinsurance Co, a subsidiary of Swiss Re, where he most recently served as president and chief financial officer.

Len Goldberg, chief executive officer of Greenlight Re, said: “Tim will be responsible for building the controls and financial infrastructure required to take Greenlight Re to the next level.”

Courtis added: “I'm excited about the challenge to help build Greenlight Re and the opportunity to be at the forefront of establishing the Cayman Islands as a new and vital reinsurance market.

"I think we have a real opportunity to build long term value both for the investors and clients of Greenlight Re.”