Shortseller Viceroy Research bets against insurer Globe Life (updated)

Globe Life

30/04/2024 14:24

(Adds details on Fuzzy Panda's short position in Globe Life in
paragraph 2; comment from Viceroy Research in paragraph 3)
       April 30 (Reuters) - Shortseller Viceroy Research
revealed a short position against Globe Life  GL.N  on Tuesday,
sending shares of the insurer down 10% before the bell. 
    Earlier this month, Fuzzy Panda Research also disclosed a
short position in Globe Life, alleging multiple instances of
insurance fraud. 
    "We tip our hat to Fuzzy Panda, who produced a solid report
outlining the extent of fraud at Globe Life," Viceroy Research
said in the report.
    Globe Life did not immediately respond to a Reuters request
for comment.

 (Reporting by Mehnaz Yasmin in Bengaluru; Editing by Shinjini
Ganguli)
 ((Mehnaz.Yasmin@thomsonreuters.com;))