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Greenlight Capital Re investing in Illinois-based managing general underwriter

Greenlight Capital Re Ltd. is making an investment in Chicago-based managing general underwriter AccuRisk Solutions LLC.

According to a news release, the investment will help AccuRisk, which focuses on employee and health insurance benefits, expand quickly through a series of strategic acquisitions in North America.

Greenlight Re made an initial investment in AccuRisk in 2017, and is poised to become the largest shareholder following the latest investment. The company, through its subsidiaries, reinsures business produced by AccuRisk.

AccuRisk has 38 employees and annual premium of $70 million.