Greenlight Re Innovations (GRI), a Cayman Islands-based subsidiary of Greenlight Capital Re Ltd., has announced an investment in Garentii GmbH, a security deposit replacement insurance MGA and platform in Germany.
Garentii, a Munich-headquartered insurtech, provides an insurance-based alternative, offering security deposit replacement insurance within existing workflows when a lease is signed, said GRI.
Financial details of the investment were not disclosed.
