Greenlight Re underwriting loss jumps to $13mn after $26mn cat hit
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Greenlight Re underwriting loss jumps to $13mn after $26mn cat hit

James Thaler
November 03, 2021
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The underwriting loss at hedge fund reinsurer Greenlight Re widened to $13mn in the third quarter, with the streak of consecutive profitable underwriting quarters halted after the company took $26mn in catastrophe losses in the third quarter.

The Cayman Islands-based reinsurer said on Wednesday it recorded a $0.42 net loss per share, a setback after generating a $0.06

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