Greenlight Capital

Inside P&C’s morning summary of the key stories to get you up to speed fast.

The executive also noted that proactively reducing Greenlight’s exposure to the auto market was a “good decision."

David Einhorn, the hedge fund reinsurer’s chairman, said the results "do not reflect the significant progress" Greenlight has made in revamping its underwriting and operations.

Greenlight Capital Re names new leadership and associates for InsurTech venture unit

The Inside P&C Select Index outperformed the S&P 500 (5.7% to 2.9%) in August, despite Hurricane Ida making landfall.

The drivers that led to the consolidation in the reinsurance industry might not replicate for a while.

The ratings agency has lifted the negative outlook it gave the total return reinsurer in May 2019.

The moves comes after the hedge fund reinsurer said on Wednesday it generated a roughly $5mn underwriting profit in Q2.

The company expects ‘similar resurgence’ of claims in workers’ comp over the next year.

The reinsurer’s board of directors now has nine members.

The changing reinsurance market dynamics are impacting reinsurers' ability to raise rates.

The Bermudian booked a $4.6mn loss from Winter Storm Uri.