Greenlight Re

AM Best slaps negative outlook on Greenlight Re’s A- rating

AM Best has revised the outlook to negative on the critical A- (Excellent) financial strength rating of Greenlight Reinsurance and Greenlight Reinsurance Ireland, Designated Activity Company.

Greenlight Re makes sixth insurtech investment

Greenlight Re Innovations has invested in insurance online dispute resolution start-up FairClaims – bringing the total number of insurtech businesses it has invested in to six.

Greenlight Re back in black despite auto-driven underwriting loss

Hedge fund reinsurer Greenlight Re fell to a $21.8mn underwriting loss for the first quarter as a result of a reserve charge in its auto book that had negative impact of $25.7mn.

Greenlight Re rues “weak” performance as investment losses hit Q4

Greenlight Capital Re has reported a fourth quarter net loss per share of $2.25, up from a $1.02 loss in the same period of 2017. This result was worse than the mean loss per share estimate of $2.14 of two analysts tracked by MarketWatch.

Investments and cat losses push Greenlight into red at Q3

Investment losses and the impact of Hurricane Florence sent Greenlight Re to a net loss of $89.1mn for the third quarter of 2018, compared to net income of $19.9mn for the same period in 2017.

Greenlight Re Innovations announces first investment

Greenlight Re’s technology and innovation fund has announced its first investment since it was launched in the first quarter of the year.

Investments send Greenlight Re to loss despite underwriting improvement

Investment losses at Greenlight Re sent the Caymans Islands-based reinsurer to another quarterly net loss, despite a modest improvement in its underwriting performance.

Greenlight Re COO Belfatti departs

Greenlight Re’s operations boss Michael Belfatti is set to leave the Cayman Islands-based firm after just over a year in the job.

Greenlight Re’s Adair leaves to head up Cayman-based UIC

Timothy Adair has left Greenlight Re for fellow Cayman Islands-based reinsurer United Insurance Company.

Poor investments push Greenlight Re to $142mn Q1 loss

Cayman Islands-headquartered hedge fund reinsurer Greenlight Re has slumped to a $142mn loss in the first quarter as a stinging investment loss overshadowed a marginally profitable underwriting performance.

Greenlight Re urges caution on 1.1 rate optimism

There was a chorus song of optimism on both sides of the Atlantic this week as (re)insurers talked up the prospect of rate increases at 1.1 but not everyone was singing from the same songsheet.