Key Developments: Greenlight Capital Re Ltd (GLRE.O)
19 Jun 2013
Latest Key Developments (Source: Significant Developments)
Greenlight Capital Re, Ltd. announced that A.M. Best Company has upgraded the financial strength and issuer credit rating for Greenlight Reinsurance, Ltd. to "A" (Excellent) with a stable outlook. A.M. Best said that the ratings for Greenlight Re are based on its risk-adjusted capitalization, experienced management team and the disciplined implementation of its business plan. It added that the ratings also recognize Greenlight Re's enterprise risk management as it aggressively manages risks on both sides of the balance sheet. Full Article
Greenlight Capital Re, Ltd. announced that Bart Hedges has been appointed Chief Executive Officer. Mr. Hedges succeeds Len Goldberg, who, as previously announced, retired as Chief Executive Officer effective August 15, 20011. Full Article
NEW YORK - David Einhorn's Greenlight Capital has added to its investment position in Apple and is waiting for the company's "next blockbuster product," Einhorn said on Tuesday.