Greenlight Capital Re Ltd Review 2019: The company Greenlight Capital Re, Ltd operates as a property and casualty reinsurer worldwide. The company offers various property reinsurance products and services, including automobile physical damage; personal lines, such as homeowners’ insurance; and commercial lines.
It also provides casualty reinsurance services and products consisting general liability, professional liability, motor liability, and worker’s compensation; and accident and health, mortgage insurance, trade credit, surety, marine, aviation, energy, cyber products.
Greenlight Capital Re Ltd Review 2019
The company markets its products through reinsurance brokers. The company was founded in the year 2004 and is headquartered in Grand Cayman which is located in the Cayman Islands. The Company analyzes its underwriting operations using two categories: frequency business and severity business. Frequency business is characterized as contracts containing a number of small losses emanating from multiple events.
Severity business is characterized as contracts with the potential for significant losses emanating from one event or multiple events. The Company’s subsidiaries include Greenlight Reinsurance, Ltd., (Greenlight Re), Greenlight Reinsurance Ireland, Ltd. (GRIL) and Verdant Holding Company, Ltd. (Verdant). Greenlight Re is engaged in writing property and casualty reinsurance business, as well as long term business, such as life insurance, long term disability and long term care, among others. GRIL is a non-life reinsurance undertaking.
Greenlight Re provides multi-line property and casualty reinsurance globally, while GRIL focuses on the European market and serves clients located in Europe. Verdant makes strategic investments in a select group of property and casualty insurers and general agents in the United States. The Company’s property line of insurance provides protection for the commercial, motor, personal properties. It offers casualty insurance products for general liability, motor, workers’ compensation, and professional casualties.
The Company’s specialty insurance products are offered for financial, accident and health, marine and other specialties. It markets the insurance products primarily through reinsurance brokers. The firm’s frequency business consists of smaller losses generated from multiple events and helps the clients to increase their own underwriting capacity. Greenlight Capital Re, Ltd. provides reinsurance underwriting services. The Company offers property and casualty reinsurance products and services.
Greenlight Capital Reserves customers in Ireland and Cayman Islands. On December 3, 2018, Greenlight Capital Re, Ltd. (the Registrant) and Greenlight Reinsurance, Ltd. (“Greenlight Re” and together with the Registrant, the Employer”) and Neil Greenspan entered into an employment agreement (the Employment Agreement), pursuant to which Mr. Greenspan will become the Chief Accounting Officer of the Employer effective as of December 31, 2018 (the Effective Date”), subject to the Employer obtaining a work permit and regulatory approval in the Cayman Islands.
The firm also invests in the public equity and fixed income markets of the USA. The firm also invests in value stock of companies. It employs and long strategy to make its investments. The company employs a combination of quantitative and fundamental analysis to create its portfolios. It obtains in-house research to make its investments. Greenlight Capital, Inc. was founded in 1996 and is based in New York City. This firm is predicted to have consistent growth in the coming years.