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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.

      Greenlight Capital's David EinhornPhoto 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. His family keeps a kitchen cupboard filled with hurricane

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