GRAND CAYMAN, Cayman Islands – November 11th, 2021 – 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.*
Year: 2021
Greenlight Capital Re, Ltd. Third Quarter 2021 Earnings Call (Audio File)
Greenlight Re Announces Third Quarter 2021 Financial Results
- Net loss of $13.9 million, or $0.42 per share, compared to net income of $2.2 million, or $0.06 per share, in the third quarter of 2020.
- Combined ratio of 109.3%, compared to a combined ratio of 100.4% in the third quarter of 2020.
- Adjusted combined ratio, which excludes the impact of catastrophes, improved to 90.3%, compared to an adjusted combined ratio of 93.6% in the third quarter of 2020.
- Total investment income of $4.1 million, compared to total investment income of $6.9 million in the third quarter of 2020.
- A decrease in fully diluted book value per share of $0.35, or 2.6%, to $13.25.
Greenlight Capital Re, Ltd. Schedules Third Quarter 2021 Financial Results and Conference Call
Greenlight Re appoints Brian O’Reilly to Head of Innovations
Greenlight Capital Re, Ltd. Second Quarter 2021 Earnings Call (Audio File)
Greenlight Re Announces Second Quarter 2021 Financial Results
- Net income of $0.6 million, or $0.02 per share, compared to a net loss of $0.1 million, or $0.00 per share, in the second quarter of 2020.
- Combined ratio of 96.5%, compared to a combined ratio of 101.2% in the second quarter of 2020.
- Total investment income of $2.0 million, compared to total investment income of $5.5 million in the second quarter of 2020.
- An increase in fully diluted book value per share of $0.11, or 0.8%, to $13.60.
Greenlight Capital Re, Ltd. Announces New Director Appointments
Greenlight Capital Re Schedules Second Quarter 2021 Financial Results And Conference Call
GRAND CAYMAN, Cayman Islands – July 21, 2021 – 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, Ltd. Announces the Appointment of Heejae Cho as Head of Innovations Underwriting
She will be responsible for managing the underwriting activities within the growing Greenlight Re Innovations unit, which supports technology innovators and evaluates potential applications to the Company’s reinsurance operations. Before joining Greenlight Re, Ms. Cho led a startup insurtech, Viridis RS Ltd., which utilized technology and aerial data to help insurance carriers protect farmers by providing early warnings of pest and crop conditions. Prior to her time at Viridis, Ms. Cho served as an underwriter at Arch Re, where she managed specialty and liability classes.
“Opportunities generated by Greenlight Re Innovations is a key element of our underwriting business and we expect continued growth in this area,” said Simon Burton, Greenlight Re’s Chief Executive.
“Heejae has over 18 years of experience in the Bermuda market and with insurtech initiatives. We are delighted to welcome her to the team.” “Greenlight Re Innovations has built an excellent reputation in the Insurtech sector, and there is tremendous potential in the associated underwriting opportunities,” Ms. Cho said.