AM Best Revises Outlooks to Positive for Greenlight Capital Re, Ltd. and Its Subsidiaries

Written by Emily J. Thompson, Senior Investment Analyst

Source: Businesswire

Updated: Oct 18 2024

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Source: Businesswire

Credit Ratings Update: AM Best has revised the outlooks for Greenlight Reinsurance, Ltd. and its subsidiaries to positive from stable, affirming their Financial Strength Rating of A- and Long-Term Issuer Credit Ratings of “a-”, reflecting improved operating performance and stability in investment returns.
Business Profile and Performance: Greenlight Reinsurance has shown significant progress with a full year of underwriting profitability achieved in 2023, alongside five consecutive years of improving returns on equity and revenue, while maintaining a neutral business profile and appropriate enterprise risk management.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

AM Best Revises Outlooks to Positive for Greenlight Capital Re, Ltd. and Its Subsidiaries

About the author

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