Greenlight Capital Re, Ltd. Announces New Director Appointments
August 03 2021 - 4:15PM
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.
David Einhorn, Chairman of the Board, stated “We are honored to
welcome John, Urs and Victoria to the Board. Each brings a wealth
of financial industry, operational and governance experience and
expertise that will complement the Board and assist our management
as Greenlight Re continues to build upon our recent successes.”
Mr. Ferrari is currently a consultant to companies in the
financial services industry after having retired from KPMG
International (“KPMG”) in June 2021. Prior to his retirement, Mr.
Ferrari specialized in providing audit services to companies in the
banking, insurance and asset management industries. Mr. Ferrari
held multiple roles for KPMG and its member firms, including
serving as a member of the Global Monitoring Group for KPMG
International, Chief Operating Officer for Audit Quality for KPMG
EMA Region and as an Audit Partner for KPMG Cayman Islands,
including serving as Partner in Charge of Risk Management. Mr.
Ferrari also served as a member of KPMG’s Executive Management
Committee and participated on the Audit Quality Professional
Practice Steering Committee. Mr. Ferrari holds a Bachelor’s degree
from the University of Toronto and is a member of the Charter
Professional Accountants of Ontario and Cayman Islands Institute of
Professional Accountants.
Ms. Foley currently serves on the board of directors of
Provident Financial Services, Inc. and Provident Bank (NYSE: PFS)
and is a member of the Risk and Technology committees. Ms. Foley
also serves as a director of DOCOsoft Ltd., a software company
providing claims management, document management and workflow
software solutions for the global insurance and financial services
markets. Previously, Ms. Foley served as Chief Corporate Operations
Officer and Managing Director of XL Group PLC, a global provider of
commercial insurance and reinsurance, which became AXA XL in
September 2018. Ms. Foley has also held several senior management
roles, including Chief Information Officer, Chief Data Officer,
Enterprise Enablement Strategy for XL Group PLC and Senior Vice
President, Chief Information Officer of Reinsurance and Financial
Lines for XL Reinsurance. Ms. Foley holds both a Bachelor of
Science and Teaching Diploma from University College Cork, Ireland,
a Master of Science from PACE University and a Technology
Leadership certificate from Babson University. Ms. Foley has also
received certificates from NYC College of Insurance and the College
of Finance, NYC.
Ms. Guest currently serves on the board of directors of the
Bessemer Group, Incorporated and its principal subsidiary banks,
and the board of managers of Bessemer Securities LLC and its
principal subsidiary. Previously, Ms. Guest was General Counsel and
Corporate Secretary of Hamilton Insurance Group, a Bermuda-based
holding company for insurance and reinsurance operations, from
December 2013 until retirement in November 2017. Ms. Guest has also
served as General Counsel and Corporate Secretary of SAC Re
Holdings, Ltd, a Bermuda-based reinsurer, as well as Ariel Holdings
and RAM Holdings. Ms. Guest has a Juris Doctor from Harvard Law
School and a Bachelor of Arts from Stanford University.
About Greenlight Capital Re, Ltd.
Greenlight Re (www.greenlightre.com) provides multi-line
property and casualty reinsurance through its licensed and
regulated reinsurance entities in the Cayman Islands and Ireland.
The Company complements its underwriting activities with a
non-traditional investment approach designed to achieve higher
rates of return over the long term than reinsurance companies that
exclusively employ more traditional investment strategies. In 2018,
the Company launched its Greenlight Re Innovations unit, which
supports technology innovators in the (re)insurance space by
providing investment, risk capacity, and access to a broad
insurance network.
Forward Looking Statements
This news release contains forward-looking statements within the
meaning of the U.S. federal securities laws. The Company intends
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
the Company’s 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, except
as provided by law.
For further information contact:
Investor Relations:Adam PriorThe Equity Group
Inc.(212) 836-9606IR@greenlightre.ky
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