Greenlight Re's net income falls in 2014 fourth quarter

Cayman Islands-domiciled reinsurer Greenlight Capital Re Ltd.'s saws its gross written premiums fall nearly 40% in 2014 from the year prior, reports Artemis.bm.

Gross written premiums of the reinsurer totaled $324 million in 2014, down from $535.7 million in 2013. "Overall, our 2014 premium numbers decreased due to the impact of not renewing certain business, which we believe was inadequately priced," said Bart Hedges, chief executive of Greenlight Re.

Read more