Greenlight Capital Re


Investment oriented reinsurance model best when sponsored: S&P

The total return reinsurance model, or investment oriented reinsurance model, or hedge fund backed reinsurance model (depending on what you prefer to call it), remains a challenging strategy to execute on well, but more recent start-ups that are sponsored by an existing re/insurer and asset manager are favoured by S&P. Rating 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 →

Hedge fund reinsurers benefit from strong investments in July

The two highest-profile proponents of the hedge fund reinsurance strategy, Third Point Re and Greenlight Re, have both benefited from very strong July investment returns, with a considerable boost to the year being received at both firms. By the mid-point of the year the two hedge fund backed reinsurers saw investment 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 →

Third Point leads on Q2 2016 hedge fund reinsurer investment returns

Third Point Re, the Bermudian reinsurance firm backed by Daniel Loeb’s Third Point LLC hedge fund, has come out on top after the second-quarter when the firms investment portfolio return far outperformed the other main hedge fund reinsurer Greenlight Re. In the second quarter of 2016 Third Point Re has achieved 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 →

Hedge fund reinsurers investments & underwriting diverge in Q1 2016

Over the first-quarter of 2016 the results of the two main hedge fund backed reinsurance firms diverged, both on underwriting and investment returns, as Einhorn backed Greenlight Re reported a profit, while Loeb backed Third Point Re fell to a loss. After one of the most volatile periods in the history read the full article →

Hedge fund reinsurer investment results continue Q1 2016 divergence

At the end of the first-quarter of 2016 the two leading proponents of the hedge fund reinsurance firms continued to show that, when it comes to navigating the financial market investment environment, not every strategy is equal. The investment results of reinsurance firms Greenlight Re, backed by hedge fund manager David read the full article →

Hedge fund reinsurer investment returns continue to diverge in 2016

The hedge fund reinsurance strategy continues to demonstrate its volatility in 2016, as the two main proponents of the strategy, backed by leading hedge fund managers, see their performance diverge as Greenlight Re outperforms Third Point Re again in February. After a highly volatile 2015, which saw a divergence in the read the full article →

2016 starts positively for Greenlight Re, negatively for Third Point Re

The differences in hedge fund reinsurance investment portfolios was again evident in the first month of 2016, with Greenlight Re reporting a positive investment return, while Third Point Re fell to an investment loss in January. 2015 gave a stark example of the challenges that hedge fund reinsurers face when financial read the full article →