Greenlight Re

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, 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.

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, 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, 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.

Greenlight Re, the Cayman Islands domiciled, hedge fund manager David Einhorn and Greenlight Capital, Inc. backed reinsurance firm, has pulled back from some of its catastrophe retrocession business this year citing low pricing and competition.

The 2013 results posted by Greenlight Re, the Cayman Islands domiciled, hedge fund manager David Einhorn and Greenlight Capital, Inc. backed reinsurance firm, show just why the hedge fund reinsurer strategy is attractive for investors and managers.

Bart Hedges, CEO of Greenlight Capital Re, the Cayman Islands reinsurance firm backed by hedge fund manager David Einhorn, said that there is room for catastrophe reinsurance pricing to drop further, as the floor on natural catastrophe pricing has not yet been reached.

Greenlight Re, the Cayman Islands domiciled reinsurer, backed by fund manager David Einhorn and his Greenlight Capital, Inc. hedge fund which acts as an investment manager for Greenlight Re, faces increasing competition from new reinsurance companies with similar investment strategies.

Once again, the investment-side risk that comes with the hedge fund backed reinsurer strategy becomes apparent in a hedge fund reinsurance firms results announcement. This time it’s Greenlight Re, the Cayman Islands domiciled reinsurer backed by hedge fund manager David Einhorn, which has been hit by investment losses. The last time we wrote about Greenlight […]