BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.
To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.
To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.
GEORGETOWN, Grand Cayman--Greenlight Capital Re Ltd. sought to raise nearly $195 million in its initial public offering on Thursday.
Greenlight Re, the first open-market reinsurer to be based in the Cayman Islands, offered to the public 10.25 million Class A ordinary shares priced at $19 a share.
Substantially all of the net proceeds of the IPO will be used to increase the underwriting capacity of the company's reinsurance operations, Greenlight Re said in a statement.
Shares are now traded on the NASDAQ stock exchange under the ticker symbol GLRE.
New York-based hedge fund Greenlight Capital Inc. launched the reinsurer in late 2005 with $220 million in capital (BI, Nov. 21, 2005).