Greenlight Re beats as underwriting gain pares Q2 loss

Greenlight Re narrowed its second-quarter losses to $35.5mn, or
$0.96 a share, beating Wall Street's expectations for a larger
loss in the period after its underwriting operations swung to a
profit.
The total return reinsurer affiliated with David Einhorn's
New York-based Greenlight Capital hedge fund was expected to post a
loss of $1.07 per share, the average of three estimates compiled by
MarketWatch.
The combined ratio improved to a profitable 98.5 percent from
107.8 percent in the year-earli