Reinsurance News
Greenlight Re
Greenlight Re’s net income rises to $3.2m for Q3’26 with CoR of 90.5%
3rd November 2026
Cayman Islands-domiciled Greenlight Capital Re, Ltd., a provider of multiline property and casualty insurance and reinsurance, has reported a rise in net income to $3.2 million for Q3'26 compared to a net loss of $4.4 million in Q3’25. As net income rebounded in the quarter, for the first nine months of ... Read the full article
Hippo and Greenlight Re establish partnership to support emerging MGAs
29th October 2026
Hippo Holdings Inc. has partnered with Greenlight Capital Re’s Innovations segment, which links investment opportunities in emerging MGAs with carrier and reinsurance support, allowing Hippo to co-invest with Greenlight Re in early-stage programs while its subsidiary, Spinnaker Insurance Company, can serve as Greenlight’s preferred U.S. admitted fronting carrier for qualifying ... Read the full article
Greenlight Re adds Ian Maguire as Active Underwriter for Syndicate 3456
22nd October 2026
Cayman Islands-domiciled reinsurer Greenlight Capital Re has appointed Ian Maguire as Active Underwriter for Greenlight Innovation Syndicate 3456 (Syndicate 3456), subject to regulatory approval. Maguire has four decades of distinguished Lloyd’s and London market insurance experience, and has previously served as Executive Director of Argenta Holdings and as Active Underwriter of ... Read the full article
Welch and Warszawski join Greenlight Re Board of Directors
4th September 2026
Cayman Islands-based reinsurer Greenlight Capital Re has announced the appointment of John Welch as an Independent Director of the company’s Board of Directors. Welch’s appointment follows the addition of Ariel Warszawski, who was recently elected to the Board by shareholders at the company’s Annual General Meeting held on 28 July 2026. David ... Read the full article
Greenlight Re delivers underwriting improvement in H1’26 despite investment headwinds
5th August 2026
Greenlight Re strengthened its underwriting performance in the first half of 2026, posting $6 million of underwriting income and improving its combined ratio to 98.1%, although weaker investment returns drove net income down to $6.2 million. The Cayman Islands-based reinsurer’s H1 2026 underwriting result compared with $0.3 million in the prior-year ... Read the full article
Greenlight Re reports underwriting profit in Q1’26 despite lower premiums
6th May 2026
Greenlight Re has disclosed a sharp improvement in underwriting performance for Q1 2026, swinging to a profit and delivering higher net income despite lower premium volumes. The Cayman Islands-based reinsurer posted net income of $35.8m for the opening quarter of the year, up from $29.6m in Q1 2025. Meanwhile, gross premiums written ... Read the full article
Greenlight Re reports record underwriting income in 2025
10th March 2026
Cayman Islands-based reinsurer Greenlight Capital Re has posted a net income of $74.8m for 2025, up from $42.8m in 2024, while gross premiums written increased 11% to $773.3m. Greenlight Re's net premiums earned also rose 7% to $661.1m in 2025, while net underwriting income expanded to $35.7m, compared with an underwriting ... Read the full article
AM Best upgrades credit ratings of Greenlight Capital Re and subsidiaries
13th November 2025
AM Best has upgraded the Financial Strength Ratings of Greenlight Reinsurance, Ltd. (Cayman Islands) and Greenlight Reinsurance Ireland, DAC (Ireland) to A (Excellent) from A– (Excellent) and the Long-Term Issuer Credit Ratings to “a” (Excellent) from “a–” (Excellent). Both companies are wholly owned subsidiaries of Greenlight Capital Re, Ltd. (Greenlight Re). ... Read the full article
Greenlight Re posts record-low CoR in Q3’25, though investment portfolio falters
4th November 2025
Greenlight Capital Re has reported Q3 2025 net underwriting income of $22.3 million, up sharply from $6.1 million a year earlier, as the combined ratio improved to a record low of 86.6%. Meanwhile, the firm's gross premiums written in Q3 2025 rose 9.5% to $184.4 million, and net premiums earned increased ... Read the full article
Greenlight Re reports improved Q2’25 underwriting result despite investment setback
5th August 2025
Greenlight Re reported net income of $0.3 million for Q2 2025, a sharp decline from $8.0 million in Q2 2024, primarily due to a $7.8 million investment loss this quarter versus $15.3 million in investment income a year earlier. David Einhorn, Chairman of the Board of Directors, commented on this, “The ... Read the full article
Greenlight Re’s Q1’25 net income rises despite catastrophes driving underwriting loss
8th May 2025
Reinsurer Greenlight Re's net income increased to $29.6 million in the first quarter of 2025, as a stronger investment result more than offset a $7.8 million underwriting loss amid elevated losses from catastrophes. Greenlight Re’s underwriting performance weakened compared to the prior year, swinging from a $3.4 million underwriting profit in ... Read the full article
Martin Vezina to lead Greenlight Re’s Underwriting Analytics team
2nd May 2025
Greenlight Re, a subsidiary of Greenlight Capital Re, Ltd., has announced the appointment of Martin Vezina as Head of Underwriting Analytics with immediate effect. Based in the company’s Grand Cayman headquarters, Vezina will play an important role in overseeing Greenlight Re’s underwriting analytics and pricing function The executive brings to his new ... Read the full article
Vivere to fund strategic expansion with new $7.5m investment
3rd April 2025
Specialty insurance platform Vivere Partners has secured $7.5 million in Series A funding, led by General Catalyst, Pathlight Ventures and Greenlight Re, to drive strategic expansion. The funding will also be used to recruit top underwriting talent and develop advanced technology infrastructure. Founded by insurance and engineering experts, and led by Chris ... Read the full article
Greenlight Re reports rise in GPW for Q4’24 as reserve strengthening & cats drive underwriting loss
11th March 2025
Cayman Islands-domiciled reinsurer Greenlight Capital Re, Ltd. has reported a 28% increase in gross premiums written (GPW) for the fourth quarter of 2024 to $143.8 million, as the firm fell to an underwriting loss in the quarter due to the strengthening of reserves related to aviation losses from Russia's invasion ... Read the full article
Catastrophes dent Greenlight Re’s underwriting result but net income rises on investments
5th November 2024
Cayman Islands domiciled reinsurer Greenlight Capital Re, Ltd. has reported a higher combined ratio of 95.9% for the third quarter of 2024 compared to last year’s 91.2% on the back of elevated losses from catastrophes, although net income increased 161% year-on-year as total net investment income rose. Greenlight Re's loss ratio ... Read the full article
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