Greenlight Capital Re

Greenlight Capital Re Ltd. operates as a specialist property and casualty reinsurance company. It specializes in underwriting traditional property and casualty reinsurance, risk innovation, and strategic partnerships. The company was founded on July 13, 2004 and is headquartered in Camana Bay, Cayman Islands.

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Greenlight Capital Re reports solid Q4 performance amidst market changes

Greenlight Capital Re (GLRE) showcased a strong financial performance in Q4 2022, driven by positive market changes and strategic initiatives.
Despite underwriting challenges from catastrophic losses, the company demonstrated resilience and leadership in navigating operational hurdles.
Opportunities for revenue diversification and market expansion exist through innovation partnerships and strategic fund positioning.
The company's performance reflects a balance of financial strength, operational challenges, and strategic opportunities in a dynamic market environment.

Greenlight Capital Re reports steady Q1 growth amidst underwriting challenges

Greenlight Capital Re (GLRE) delivered a solid performance in Q1 2023, with growth in book value per share and net income. Despite challenges in underwriting results, the company demonstrated resilience and strategic focus on profitable opportunities.
The company's investments in companies like Green Brick Partners and Kyndryl Holdings paid off, while challenges with Brighthouse Financial and market uncertainties require careful navigation. Opportunities in Vitesco Technologies and insurtech valuations offer avenues for future growth and expansion.

Greenlight Capital Re reports robust Q2 earnings amidst strategic investments

Greenlight Capital Re's Q2 2023 earnings call highlighted strong financial performance, growth in book value per share, and strategic investments in insurance products. Despite challenges from severe storms and fluctuating premiums, the company is poised for improvements and margin opportunities.

Greenlight Capital Re posts strong Q3 results, plans for growth

Greenlight Capital Re's Q3 2023 performance reflects a solid financial position with growth in net income and book value per share.
The company's strategic focus on renewals, insurtech partnerships, and CEO transition signals a commitment to growth and innovation.
While facing challenges in operational performance and leadership transition, Greenlight Capital Re has opportunities for revenue growth and strategic collaborations.

Greenlight Capital Re reports robust Q4 performance and strategic growth

Greenlight Capital Re's Q4 2023 earnings call showcased strong financial performance and strategic insights into its investment portfolios. While facing challenges such as lower returns compared to market benchmarks, the company remains focused on niche investments and growth in key segments. With a solid foundation and growth opportunities identified, Greenlight Capital Re is poised for continued success in the market.

Greenlight Re reports strong Q1 performance amidst challenges and opportunities

Greenlight Capital Re (GLRE) delivered a robust performance in Q1 2024, driven by premium growth and solid net income.
The company faces challenges in managing expenses and external factors but remains well-positioned for growth.
Strategic investments, diversified portfolio, and focus on innovation present opportunities for future expansion and profitability.

Greenlight Capital Re reports solid Q2 performance and strategic growth moves

Greenlight Capital Re (GLRE) delivered a resilient performance in Q2 2024, with strong underwriting results and positive investment performance.
The company faces challenges from natural catastrophe losses and macroeconomic uncertainties but is well-positioned to capitalize on growth opportunities.
Increasing the Solasglas fund allocation and identifying growth prospects in property and specialty classes showcase strategic moves for future profitability.
Investor Day and ongoing communication efforts demonstrate transparency and commitment to engaging stakeholders in the company's growth trajectory.

Greenlight Capital Re (GLRE) reports robust Q3 earnings and growth prospects

Greenlight Capital Re (GLRE) delivered a strong performance in Q3 2024, with notable growth in net income and book value per share.
Despite challenges such as decreased premiums and higher expenses, the company maintained underwriting profitability and market confidence.
Strategic strengths in underwriting focus, specialty book growth, and investment income position Greenlight Capital Re (GLRE) for future opportunities.
By addressing challenges and leveraging opportunities, the company can sustain its financial strength and drive further growth in the market.

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GRAND CAYMAN, Cayman Islands, Feb. 24, 2022 (GLOBE NEWSWIRE) -- Greenlight Capital Re, Ltd. (Nasdaq: GLRE) (“Greenlight Re” or the “Company”), a specialist property and casualty reinsurance company headquartered in the Cayman Islands, has established July 26, 2022, as the date for its 2022 Annual General Meeting of Shareholders (the “Annual Meeting”). The time and location of the Annual Meeting will be set forth in the Company's proxy materials.

Greenlight Capital Re, Ltd. Announces Date of Annual General Meeting of Shareholders

GRAND CAYMAN, Cayman Islands--(BUSINESS WIRE)--Greenlight Capital Re, Ltd. (NASDAQ: GLRE) (the "Company" or "Greenlight Re"), a specialist property and casualty reinsurer based in the Cayman Islands and Ireland, today announced that it expects to release financial results for the quarter and year ended December 31, 2021, after the market closes on Tuesday, March 8, 2022. A live conference call to discuss the financial results will be held on Wednesday, March 9, 2022, at 9:00 a.m. Eastern Time.

Greenlight Capital Re, Ltd. Schedules Fourth Quarter and Year End 2021 Financial Results and Conference Call

GRAND CAYMAN, Cayman Islands--(BUSINESS WIRE)--Greenlight Re Innovations ("GRI"), part of Greenlight Capital Re, Ltd. (NASDAQ: GLRE) ("Greenlight Re" or the "Company"), has announced an investment in Redkik, Inc. ("Redkik"), a cargo insurance administration and analytics platform. Cargo insurance policies have traditionally been written on an annual basis and priced based on projected cargo volume and value. For cargo owners that cannot accurately predict the frequency and value of future shipm

Greenlight Re Innovations Announces Investment in Cargo Insurance Platform Redkik

GRAND CAYMAN, Cayman Islands, Jan. 31, 2022 (GLOBE NEWSWIRE) -- Greenlight Re Innovations (“GRI”), part of Greenlight Capital Re, Ltd. (NASDAQ: GLRE) (“Greenlight Re” or the “Company”), has received ‘in-principle' approval from Lloyd's to establish an insurtech-focused syndicate. Syndicate 3456, which will commence operations in the second quarter of 2022, will be established under the innovative “Syndicate-in-a-box” (SIAB) model. It will be managed by Asta, the leading third-party managing agent at Lloyd's.

Greenlight Re Innovations Receives In-Principle Approval to Establish Insurtech-focused Syndicate 3456

GRAND CAYMAN, Cayman Islands, Nov. 11, 2021 (GLOBE NEWSWIRE) -- Greenlight Re Innovations (“GRI”), part of Greenlight Capital Re, Ltd. (NASDAQ: GLRE) (“Greenlight Re” or the “Company”), has announced an investment in Blueprint Holding Co., Inc. (“Blueprint”), a full-stack title insurance company with a focus on digitalization and integration of technology.*

Greenlight Re Innovations Announces Investment in Blueprint Title, a Full-Stack Title Insurance Carrier and Agency

Greenlight Capital Re, Ltd. (GLRE) CEO Simon Burton on Q3 2021 Results - Earnings Call Transcript

Net loss for the quarter of $13.9 million Fully diluted book value per share decreased 2.6% in the quarter to $13.25

Greenlight Re Announces Third Quarter 2021 Financial Results

GRAND CAYMAN, Cayman Islands, Oct. 21, 2021 (GLOBE NEWSWIRE) -- Greenlight Capital Re, Ltd. (NASDAQ: GLRE) (the "Company" or "Greenlight Re"), a specialist property and casualty reinsurer based in the Cayman Islands and Ireland, today announced that it expects to release financial results for the quarter ended September 30, 2021 after the market closes on Wednesday, November 3, 2021.  A live conference call to discuss the financial results will be held on Thursday, November 4, 2021 at 9:00 a.m. Eastern Time.

Greenlight Capital Re, Ltd. Schedules Third Quarter 2021 Financial Results and Conference Call

GRAND CAYMAN, Cayman Islands, Oct. 01, 2021 (GLOBE NEWSWIRE) -- Greenlight Capital Re, Ltd. (NASDAQ: GLRE) (“Greenlight Re” or the “Company”), has appointed Brian O'Reilly as Head of Innovations.

Greenlight Capital Re, Ltd. Appoints Brian O'Reilly to Head of Innovations

GRAND CAYMAN, Cayman Islands, Sept. 02, 2021 (GLOBE NEWSWIRE) -- Greenlight Re Innovations (“GRI”), part of Greenlight Capital Re, Ltd. (NASDAQ: GLRE) (“Greenlight Re” or the “Company”), has announced an investment in Shepherd Labs, Inc. (“Shepherd”), a construction insurance MGA focused on providing insurance options to middle-market contractors that devote resources to utilizing technology and data.

Greenlight Re Innovations Announces Investment in Construction Insurance Start-up Shepherd

OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a-” (Excellent) of Greenlight Reinsurance, Ltd. (Cayman Islands) and Greenlight Reinsurance Ireland, Designated Activity Company (Ireland). Additionally, AM Best has revised the outlook to stable from negative and affirmed the Long-Term ICR of “bbb-” (Good) of Greenlight Capital Re, Ltd.

AM Best Revises Outlooks to Stable for Greenlight Capital Re, Ltd. and Its Subsidiaries

Greenlight Capital Re, Ltd. (GLRE) CEO Simon Burton on Q2 2021 Results - Earnings Call Transcript

Net income for the quarter of $0.6 million Fully diluted book value per share increased 0.8% in the quarter to $13.60

Greenlight Re Announces Second Quarter 2021 Financial Results

GRAND CAYMAN, Cayman Islands, Aug. 03, 2021 (GLOBE NEWSWIRE) -- Greenlight Capital Re, Ltd. (Nasdaq: GLRE) (“Greenlight Re” or the “Company”) announced today that the board of directors of the Company (the “Board”) has been expanded to nine members and that each of Johnny Ferrari, Ursuline Foley and Victoria Guest has been appointed as an independent director of the Board effective July 30, 2021.

Greenlight Capital Re, Ltd. Announces New Director Appointments

GRAND CAYMAN, Cayman Islands, July 21, 2021 (GLOBE NEWSWIRE) -- Greenlight Capital Re, Ltd. (NASDAQ: GLRE) (the "Company" or "Greenlight Re"), a specialist property and casualty reinsurer based in the Cayman Islands and Ireland, today announced that it expects to release financial results for the quarter ended June 30, 2021 after the market closes on Tuesday, August 3, 2021.  A live conference call to discuss the financial results will be held on Wednesday, August 4, 2021 at 9:00 a.m. Eastern time.

Greenlight Capital Re Schedules Second Quarter 2021 Financial Results and Conference Call

GRAND CAYMAN, Cayman Islands, June 15, 2021 (GLOBE NEWSWIRE) -- Greenlight Capital Re, Ltd. (NASDAQ: GLRE) (“Greenlight Re” or the “Company”), a specialist property and casualty reinsurer based in the Cayman Islands and Ireland, today announced the appointment of Heejae Cho as Head of Innovation Underwriting. Ms. Cho joins Greenlight Re with over 18 years of senior underwriting and actuarial experience at ACE, XL and Arch.

Greenlight Capital Re, Ltd. Announces the Appointment of Heejae Cho as Head of Innovations Underwriting

GRAND CAYMAN, Cayman Islands, June 04, 2021 (GLOBE NEWSWIRE) -- Greenlight Re Innovations (“GRI”), part of Greenlight Capital Re, Ltd. (NASDAQ: GLRE) (“Greenlight Re” or the “Company”), has announced an investment in Paxafe, Inc. (“Paxafe”), a supply-chain visibility and analytics platform focused on high value and perishable cargo.

Greenlight Re Innovations Announces Investment in Cargo Visibility and Risk Management Platform Paxafe

Greenlight Capital Re, Ltd. (GLRE) CEO Simon Burton on Q1 2021 Results - Earnings Call Transcript

Net income for the quarter of $6.5 million Fully diluted book value per share increased 0.5% in the quarter to $13.49

Greenlight Re Announces First Quarter 2021 Financial Results

GRAND CAYMAN, Cayman Islands, April 22, 2021 (GLOBE NEWSWIRE) -- Greenlight Capital Re, Ltd. (NASDAQ: GLRE) (the "Company" or "Greenlight Re"), a specialist property and casualty reinsurer based in the Cayman Islands and Ireland, today announced that it expects to release financial results for the quarter ended March 31, 2021 after the market closes on Wednesday, May 5, 2021.  A live conference call to discuss the financial results will be held on Thursday, May 6, 2021 at 9:00 a.m. Eastern time.

Greenlight Capital Re Schedules First Quarter 2021 Financial Results and Conference Call

GRAND CAYMAN, Cayman Islands, April 21, 2021 (GLOBE NEWSWIRE) -- Greenlight Re Innovations (“GRI”), part of Greenlight Capital Re, Ltd. (NASDAQ: GLRE) (“Greenlight Re” or the “Company”), a specialist property and casualty reinsurance company headquartered in the Cayman Islands, has announced an investment in Ao1 Holdings Inc. (“Player's Health”), a managing general underwriter that provides insurance and risk management services to the amateur sports organization market.

Greenlight Re Innovations Announces Investment in Sports Risk Management and Insurance Start-up Player's Health

GRAND CAYMAN, Cayman Islands, March 26, 2021 (GLOBE NEWSWIRE) -- Greenlight Re Innovations (“GRI”), part of Greenlight Capital Re, Ltd. (NASDAQ: GLRE) (“Greenlight Re” or the “Company”), a specialist property and casualty reinsurance company headquartered in the Cayman Islands, has announced an investment in TradeCrediTech Ltd. (“Nimbla”), a digital managing general underwriter focusing on the small and medium-sized enterprise (SME) credit insurance market.

Greenlight Re Innovations Announces Investment in SME-focused Credit Insurance Start-up Nimbla

Greenlight Capital Re's (GLRE) CEO Simon Burton on Q4 2020 Results - Earnings Call Transcript

Net income for the quarter of $42.0 million Fully diluted book value per share increased 11.6% in the quarter to $13.42 at December 31, 2020

Greenlight Re Announces Fourth Quarter and Year-End 2020 Financial Results

GRAND CAYMAN, Cayman Islands, Jan. 12, 2021 (GLOBE NEWSWIRE) -- Greenlight Capital Re, Ltd. (Nasdaq: GLRE) (“Greenlight Re” or the “Company”), a specialist property and casualty reinsurance company headquartered in the Cayman Islands, has established May 4, 2021 as the date for its 2021 annual general meeting of shareholders (the “Annual Meeting”). The time and location of the Annual Meeting will be set forth in the Company's proxy materials.

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