Greenlight Reinsurance, Ltd.
NNASDAQ:GLRECapital Structure
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in mil. unless spec.Company Description
- CEO
- Greg Richardson
- Full Time Employees
- 84
- Sector
- Finance
- Industry
- Property/Casualty insurance
- Address
- 65 Market Street Camana Bay GT Cayman Islands KY1-1205
- IPO Date
- May 24, 2007
- CIK
- 0001385613
- Website
- greenlightre.com
- Similar Companies
- Business
- Greenlight Capital Re, Ltd. operates globally as a specialty property and casualty reinsurance provider through its various subsidiaries. The company specializes in underwriting a broad array of reinsurance products across multiple lines. Its property reinsurance offerings include coverage for automobile liability, personal lines, and commercial risks. On the casualty side, it provides solutions for general liability, motor liability, professional liability, umbrella, multiline casualty, and worker's compensation. Additionally, Greenlight Re underwrites specialty products such as accident and health, transactional liability, mortgage insurance, surety, trade credit, marine, energy, aviation, crop, cyber, political, and terrorism risks. The company's revenue model is based on generating premiums from assumed reinsurance business and income from its investment portfolio. Greenlight Re distinguishes itself through a non-traditional investment approach, managed by David Einhorn's DME Advisors, which aims for higher long-term returns compared to competitors with more conventional investment strategies. Its target market primarily includes property and casualty insurers globally, which seek to transfer and manage their risks. The company distributes its products primarily through reinsurance brokers, while also focusing on direct placements with strategic partners in its Innovations segment. Recent strategic developments include significant investments in innovation-related operations, exemplified by the 2022 launch of Greenlight Re Innovations Syndicate 3456 at Lloyd's, which supports technology-driven insurance partners (insurtechs). In late 2023, the company incorporated Viridis Re as a segregated portfolio company in the Cayman Islands to offer cost-effective insurance and reinsurance solutions to insurtechs and managing general agents. Greenlight Capital Re was established in 2004 and maintains its corporate headquarters in Grand Cayman, the Cayman Islands. The company recently received an upgrade in its Financial Strength Rating to A (Excellent) from A- (Excellent) by AM Best in November 2025, reflecting improved operating performance and stabilized investment results.
Company News
Greenlight Capital Re Q3 Earnings Call Highlights
Greenlight Capital Re, Ltd. (GLRE) Q3 2026 Earnings Call Transcript
Greenlight Capital Re Q3 Earnings Call Highlights
Greenlight Re Announces Financial Results for Third Quarter and Nine Months Ended September 30, 2026
Greenlight Capital Re, Ltd. Announces Retirement of Joseph Platt From Board of Directors
Hippo partners with Greenlight Re to link early-stage insurance investment with Spinnaker carrier capacity
Greenlight Capital Re, Ltd. Schedules Third Quarter 2026 Financial Results and Conference Call
Greenlight Innovation Syndicate 3456 Appoints Ian Maguire as Active Underwriter
Sherry Diaz Sells 13,500 Shares of Greenlight Capital Re (NASDAQ:GLRE) Stock
Greenlight Capital Re, Ltd. Announces New Director Appointments
Greenlight Capital Re, Ltd. (GLRE) Q2 2026 Earnings Call Transcript
Greenlight Capital Re Q2 Earnings Call Highlights
Dimensional Fund Advisors LP Trims Stock Position in Greenlight Capital Re, Ltd. $GLRE
Greenlight Re Announces Financial Results for Second Quarter and Six Months Ended June 30, 2026
Greenlight Innovation Syndicate 3456 Progresses to Full Lloyd's Syndicate
Greenlight Capital Re, Ltd. Schedules Second Quarter 2026 Financial Results and Conference Call
Greenlight Capital Re, Ltd. (GLRE) Q1 2026 Earnings Call Transcript
Greenlight Re Announces Financial Results for First Quarter March 31, 2026
Greenlight Capital Re, Ltd. Schedules First Quarter 2026 Financial Results and Conference Call
Greenlight Capital Re (NASDAQ:GLRE) Sets New 12-Month High – Time to Buy?