Greenlight Capital Re, Ltd. Announces Departure of Chief Operating Officer
July 20 2018 - 4:45PM
Greenlight Capital Re, Ltd. (NASDAQ:GLRE) (“Greenlight Re” or the
“Company”), a specialist property and casualty reinsurance company
headquartered in the Cayman Islands, today announced that Michael
Belfatti is stepping down as Chief Operating Officer of the Company
effective as of September 1, 2018 for personal reasons.
“I want to thank Mike for his contributions to
Greenlight Re over the last year,” said Simon Burton, Chief
Executive Officer of the Company. “We wish him all the best
in his future endeavors.”
“I am proud of our accomplishments during my
tenure with Greenlight Re. I wish the Company and the team
much success,” said Mr. Belfatti.
Forward-Looking Statements
This news release contains forward-looking
statements within the meaning of the U.S. federal securities laws.
We intend these forward-looking statements to be covered by the
safe harbor provisions for forward-looking statements in the U.S.
Federal securities laws. These statements involve risks and
uncertainties that could cause actual results to differ materially
from those contained in forward-looking statements made on behalf
of the Company. These risks and uncertainties include the impact of
general economic conditions and conditions affecting the insurance
and reinsurance industry, the adequacy of our reserves, our ability
to assess underwriting risk, trends in rates for property and
casualty insurance and reinsurance, competition, investment market
fluctuations, trends in insured and paid losses, catastrophes,
regulatory and legal uncertainties and other factors described in
our annual report on Form 10-K filed with the Securities Exchange
Commission. The Company undertakes no obligation to publicly update
or revise any forward-looking statements, whether as a result of
new information, future events or otherwise.
About Greenlight Capital Re, Ltd.
Established in 2004, Greenlight Re
(www.greenlightre.ky) is a NASDAQ listed company with specialist
property and casualty reinsurance companies based in the Cayman
Islands and Ireland. Greenlight Re provides risk management
products and services to the insurance, reinsurance and other risk
marketplaces. The Company focuses on delivering risk
solutions to clients and brokers by whom Greenlight Re's expertise,
analytics and customer service offerings are demanded. With
an emphasis on deriving superior returns from both sides of the
balance sheet, Greenlight Re manages its assets according to a
value-oriented equity-focused strategy that supports the goal of
long-term growth in book value per share.
Contact:
Investor Relations:Adam PriorThe Equity Group
Inc.(212) 836-9606IR@greenlightre.ky
Public Relations/Media:Mairi MallonRein4ce+44
(0)203 786 1160mairi.mallon@rein4ce.co.uk
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