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Greenlight Re pulls back from some catastrophe retrocession accounts


Greenlight Capital Re Ltd. has withdrawn from some of its catastrophe retrocession operations in 2014 amid low pricing and competition, reports Artemis.bm.

The Cayman Islands-domiciled reinsurer's CEO Bart Hedges said that while its property catastrophe retrocession business continues to post a good performance, high levels of competition have left the reinsurer unable to build on this book.

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