Investment losses continue to blight Greenlight Re results

Despite improved Q4 underwriting performance, Greenlight Re slumped
to another quarterly loss driven by negative returns on its
investment portfolio.
And the impact of investment and underwriting losses in 2015
contributed to shareholders' equity at the hedge fund reinsurer
sliding by 29 percent through the year to $825.4mn.
Underwriting income for the quarter was $6.8mn, an improvement
on the $4.6mn loss it reported in the same period of 2014.
The combined ratio improved from 115 percent in Q4