Einhorn's Greenlight Re files for IPO

Fri Jan 26, 2007

Greenlight Capital Re, the Cayman Islands specialty property and casualty reinsurer bankrolled by David Einhorn's $4 billion Greenlight Capital, has filed to go public.

The move, on January 16, seeks to raise $175 million and had been expected by industry insiders in Bermuda, the home to many offshore reinsurers (see "Reinsurance Redux," Absolute Return, December 2006).

Greenlight Re's IPO follows in the footsteps of several recently formed Bermuda-based reinsurers, including Flagstone...

ISSN: 2151-1845 / CDC10004H

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