The company specializes in underwriting traditional property and casualty reinsurance, risk innovation, and strategic partnerships. In Q3 2025, the firm achieved record underwriting performance with a combined ratio of 86.6% and net underwriting income of $22.3 million.
Cyborg Score Rationale
Q3 2025 demonstrated exceptional underwriting performance with a record-low combined ratio of 86.6% and net underwriting income of $22.3 million, with gross premiums written rising 9.5%. AM Best upgraded both subsidiaries' ratings to A (Excellent). However, recent quarterly volatility and mixed annual results suggest operational execution challenges.
Top Insights
Q3 2025 achieved record-low combined ratio of 86.6% demonstrating improved underwriting discipline
AM Best upgraded Financial Strength Ratings to A (Excellent) for both Cayman Islands and Irish subsidiaries
Greenlight Re invested in specialty insurance platform Vivere Partners Series A funding ($7.5M), signaling technology integration strategy
Lean operational footprint with 75 full-time employees
Named Competitors
Property & Casualty Reinsurance — Diversified specialty insurance and reinsurance
Property & Casualty Reinsurance — Global insurance and reinsurance leader
Property & Casualty Reinsurance — Diversified insurance and reinsurance provider
Recent Developments
(Q3 2025) Achieved record 86.6% combined ratio with 9.5% premium growth
(2025) AM Best upgraded Financial Strength Ratings to A (Excellent)
(2025) Invested in Vivere Partners Series A funding for technology expansion
(2025) Appointed Martin Vezina as Head of Underwriting Analytics
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