Greenlight Re targets subscription market business

Greenlight Re's new CEO Simon Burton has signaled a change
of strategy for the hedge fund-affiliated reinsurer that will see
it broaden its underwriting appetite to enter the transactional
reinsurance subscription markets.
On the company's second quarter earnings call, Burton noted
that until now the focus had been on a relatively small number of
closed client relationships where Greenlight Re takes a dominant
position on reinsurance programmes.
The strategy has include participation on what had