Greenlight Re cuts auto exposure due to higher claims and ‘margin erosion’
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Greenlight Re cuts auto exposure due to higher claims and ‘margin erosion’

Jairo Ibarra
August 05, 2021
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Greenlight Re plans to reduce its auto exposure over the coming six to 12 months as it expects claims frequency to increase with the reopening of the US economy, and fierce competition in the segments to take a toll on profits.

In a Q2 earnings call with analysts, Greenlight Re CEO and CUO Simon Burton said: “In the auto class, we had allowed our exposure to drift upwards through the pandemic, as the claim frequency has been relatively favorable.

“As

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News Greenlight Capital Earnings
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Jairo Ibarra
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