Greenlight Innovation Syndicate 3456 Appoints Ian Maguire as Active Underwriter
Key Highlights
- ➤Syndicate 3456 transitions to a full Lloyd’s syndicate effective January 1, 2027
- ➤Ian Maguire appointed Active Underwriter, subject to regulatory approval
- ➤Syndicate 3456 anticipates strong growth in 2027
- ➤Greenlight Re plans traditional delegated authority, consortia, and limited treaty reinsurance expansion
Expert Statements
Greg Richardson, CEO of Greenlight Re
“Ian has been assisting Syndicate 3456 as a consultant over the last six months, and we are delighted that Ian is now joining Syndicate 3456, as Active Underwriter, at this significant time in the evolution of Syndicate 3456. Ian’s nearly 40 years of experience in the Lloyd’s and London markets, including as Active Underwriter of a major Lloyd’s syndicate with specific expertise in managing delegated authority books of business, will be invaluable as we transition to a full syndicate. While Innovations business will remain the primary focus of Syndicate 3456, we plan to expand our offering to include some more traditional delegated underwriting authority and consortia business, as well as a limited amount of treaty reinsurance. Ian’s appointment highlights the investment we are making in our Lloyd’s platform, which is a key part of our overall strategy.”
Ian Maguire, Active Underwriter of Syndicate 3456
“I am excited to be joining Syndicate 3456 as it transitions to a full syndicate effective January 1, 2027. Having worked with the team in recent months, I have seen first-hand the quality of the underwriting platform and the attractive and diverse portfolio of Innovations business that Syndicate 3456 has developed. Broadening our underwriting appetite is an area where I look forward to applying my experience as Syndicate 3456 grows and establishes itself further in the market.”
GRAND CAYMAN, Cayman Islands, Oct. 22, 2026 (GLOBE NEWSWIRE) -- Greenlight Capital Re, Ltd. (Nasdaq: GLRE) (“Greenlight Re” or the “Company”) announced today that Greenlight Innovation Syndicate 3456 (“Syndicate 3456”) has appointed Ian Maguire as Active Underwriter, subject to regulatory approval, as Syndicate 3456 transitions from a Syndicate-in-a-Box to a full Lloyd’s syndicate with effect from January 1, 2027.
Syndicate 3456, which writes Greenlight Re Innovations business with a focus on Coverholder partnerships, began underwriting as a Syndicate-in-a-Box on April 1, 2022, with the support of third-party managing agent Asta. The transition to a full syndicate will allow Syndicate 3456 to continue to support innovative Coverholders as well as more traditional Coverholder business, with strong growth anticipated in 2027.
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