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Greenlight Capital Re board hires Credit Suisse for strategic review

Greenlight Capital Re Ltd.'s board has hired Credit Suisse to help it with its ongoing strategic review of the company.

The reinsurer in May announced that its board was planning to launch a strategic review after A.M. Best changed its outlook on the A- financial strength ratings of its subsidiaries to negative from stable. Greenlight Capital Re also partially de-risked its investment portfolio in response to the rating agency action.