Greenlight Re

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Greenlight Re hires Simon Burton (ex-SAC Re) as CEO

Greenlight Re, the hedge fund backed reinsurance firm that counts David Einhorn's Greenlight Capital hedge fund as its investment manager, has hired Simon Burton as its new permanent Chief Executive Officer.Burton was previously the Chief Executive Officer of SAC Re, the total-return or hedge fund strategy reinsurance firm that had read the full article →

Greenlight Re strikes deal to grow in Europe and Asia

Greenlight Re, the Cayman Islands and Ireland based investment-oriented reinsurance firm which is backed by hedge fund manager David Einhorn, is looking for risk sourcing opportunities in Europe and Asia, striking a partnership to help it expand.The firms Irish subsidiary Greenlight Reinsurance Ireland, dac, has entered into an agreement with read the full article →

S&P warns on longevity of hedge fund reinsurance model

The performance of hedge fund reinsurers diverged in the opening months of 2016 following investment market volatility. Consistently being outperformed by traditional reinsurers Standard & Poor’s (S&P) questions the longevity, and success of the hedge fund reinsurance business model.Hedge fund reinsurers continue to struggle in the softening reinsurance marketplace, exacerbated read the full article →

Hedge fund reinsurer investment fortunes reverse in Q2 2016

Fortunes of the two main hedge fund reinsurance strategy proponents, David Einhorn backed Greenlight Re and Daniel Loeb backed Third Point Re, have reversed in the second-quarter to-date, with Einhorn's Greenlight Re suffering an investment loss, while Loeb's Third Point Re reported positive returns.The first-quarter of 2016 saw Greenlight Re read the full article →