Greenlight Capital

The firm’s exposure to US SCS was almost exclusively related to a non-renewed homeowners’ program.

The Insurance Insider US news team runs you through the earnings results for the day.

The bridge disaster added 6.3pts points to the company’s overall CoR in Q1.

This is Burton’s last earnings call as the reinsurer’s CEO, as the firm recently appointed TransRe’s Greg Richardson to succeed him effective January 1.

The incoming chief exec was previously chief risk and strategy officer at TransRe from 2014 to 2023 and was CUO and held other strategic planning and underwriting roles at Harbor Point Re from 2006 to 2013.

Simon Burton has been CEO of the Cayman Islands-based total return (re)insurer since mid-2017.

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

The Inside P&C news team runs you through the earnings results for the day.

To seize the market opportunity, the company plans to raise non-convertible debt with closure expected in Q2 2023.

Need to Know

Property cat rates went up 50% while aviation, PVT and marine saw rises of around 25%+ during January renewals.

Hedge fund reinsurer Greenlight Re posted a 57.2% loss ratio for the fourth quarter, marking a 1.6-point improvement from the prior-year period.