Greenlight Re

Greenlight Capital Re Ltd. (Greenlight Re), the reinsurance firm headquartered in the Cayman Islands and affiliated with investment manager David Einhorn, is working to develop third-party capital partners and exploring opportunities to work with ILS investors.

Hedge fund backed reinsurance firm Greenlight Re has created the role of Chief Operating Officer for its latest hire, Michael Belfatti, who joins the David Einhorn backed reinsurer following a career that involved senior roles at both Endurance and Validus.

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.

Greenlight Capital Re Ltd. (Greenlight Re), the David Einhorn hedge fund backed reinsurance firm from the Cayman Islands, has struck a $1.1 billion quota share renewal with Windhaven, that will see the reinsurer assume auto business line risks.

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.

Bart Hedges is leaving hedge fund backed reinsurance firm Greenlight Re, stepping down from his Chief Executive Officer position as of March 31st 2017 and also from his Board position at the reinsurer.

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 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.

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.

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.