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Leading hedge fund reinsurers suffer full year investment loss in 2015

Both of the leading and highest profile hedge fund manager backed reinsurance firms have suffered a full year investment loss in 2015, as the volatile financial market climate impacted on the investment oriented reinsurance strategy.Global financial market volatility has hit hedge fund reinsurance firms Greenlight Re and Third Point Re read the full article →

Hedge fund reinsurer investment returns back to negative in November

The investment returns generated by the two highest profile hedge fund manager backed reinsurance firms have returned to negative again in November, with Greenlight Re suffering another steep decline in the last month.After a number of months where global financial market volatility hit hedge fund reinsurance firms Greenlight Re and read the full article →

Hedge fund reinsurer investment returns go positive in October

Two of the most prominent hedge fund reinsurance firms have seen an improvement in their investment returns in October, after two consecutive months of deeply negative returns due to financial market volatility.Both Third Point Re, backed by hedge fund manager Daniel Loeb and his Third Point LLC firm, and Greenlight Re, backed read the full article →

Greenlight Re falls to Q3 loss on Einhorn hedge fund volatility

Greenlight Re, the Cayman Islands domiciled investment oriented reinsurance firm backed by hedge fund manager David Einhorn’s Greenlight Capital, Inc., suffered a $219.7m net loss for the third-quarter as investment volatility hit the firm.Hedge fund reinsurance firms have been suffering in recent months as global financial market volatility saw the read the full article →

Hedge fund reinsurers hit on investment side again in September

Financial market volatility has again hit the two most prominent hedge fund reinsurance firms, with both Greenlight Re and Third Point Re reporting another negative month on the investment side of their businesses in September.Both firms suffered badly in August, as global financial market volatility hit their asset portfolios resulting read the full article →

Hedge fund reinsurers hit by recent financial market volatility

Two of the largest hedge fund manager backed reinsurance companies have been hit by the volatility in financial markets during August, with both Greenlight Re and Third Point Re reported to have faced significant dips in return during the month.Greenlight Re, backed by hedge fund manager David Einhorn’s Greenlight Capital, read the full article →

Hedge fund losses hit Greenlight Re’s Q2, but reinsurance premiums up

Greenlight Re, a Cayman Islands domiciled hedge fund strategy reinsurance firm backed by David Einhorn’s Greenlight Capital, Inc., has again seen a quarterly loss due to its investment strategy, but the premiums written at the reinsurer continue to grow.When the investment strategy struggles at hedge fund backed reinsurance firms the read the full article →

Hedge fund investment losses weigh on Greenlight Re’s Q1 results

Greenlight Re, the Cayman Islands domiciled hedge fund reinsurance firm backed by David Einhorn's Greenlight Capital, Inc., has fallen to a first-quarter loss as investment losses at the hedge fund weighed on results.Greenlight Re had a good quarter from an underwriting point of view, reporting an increase in gross written read the full article →

Greenlight Re continues to avoid inadequately priced business

Greenlight Re, the Cayman Islands domiciled, hedge fund strategy reinsurance firm backed by David Einhorn and his Greenlight Capital, Inc. hedge fund, has slashed its premiums written again in the last quarter as it declined to renew business deemed unprofitable.Greenlight Re reported net income of $60.7m for the fourth quarter read the full article →

Better to reduce underwriting than accept mispriced risk: David Einhorn

Greenlight Re, the Cayman Islands domiciled, hedge fund manager David Einhorn and Greenlight Capital, Inc. backed reinsurance firm, has continued its approach of non-renewing contracts which it felt were mispriced at recent renewals.The result of this strategy, as well as some renewals which shrank significantly as cedents retained more risk read the full article →