Renaissance and Greenlight Reinsurers Gauging Superstorm Sandy Damage

Reinsurance can be a lucrative business for hedge funds, which have piled into the industry in the past year. But it’s not without risk, as the devastating Superstorm Sandy reminded investors last month.

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Greenlight Capital’s David Einhorn
Photo credit:(Bloomberg)

Bart Hedges, the CEO of Greenlight Capital Reinsurance, has lived in the Cayman Islands since the hedge fund-affiliated reinsurance company brought him on board in 2006, so he has learned to live with the strong risk of hurricanes.

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