Greenlight Capital
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The reinsurer’s board of directors now has nine members. -
The changing reinsurance market dynamics are impacting reinsurers' ability to raise rates.
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The Bermudian booked a $4.6mn loss from Winter Storm Uri.
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The reinsurer has provided the MGU’s Delaware parent company with an undisclosed sum.
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In the absence of macro and micro catalysts the short interest changes in the broader industry were muted.
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The hedge fund reinsurer reports an underwriting loss of $1.1mn for the quarter, a fraction of the typhoon-driven deficit of a year earlier.
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The reinsurer's combined ratio deteriorated by 2.4 points in Q3 to 100.4%.
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Gross written premiums fell 23% to $117mn from $152mn in the prior-year period.
