Greenlight Re swings to $4.8mn Q4 underwriting profit, reversing year-ago loss
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Greenlight Re swings to $4.8mn Q4 underwriting profit, reversing year-ago loss

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Hedge fund reinsurer Greenlight Re swung to an underwriting profit in the fourth quarter, reversing a prior-year loss, boosted by premium growth in its Lloyd’s and financial lines businesses and favorable prior-year loss development.

The Cayman Islands-based reinsurer posted underwriting profit of $4.8mn for the period ended December 31, reversing a prior-year underwriting loss of $1.1mn.

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