NEWS & MEDIA

GRAND CAYMAN, Cayman Islands and Minneapolis, MN – February 7, 2023 – Greenlight Capital Re, Ltd. (NASDAQ: GLRE) (“Greenlight Re,” or “the Company”), through its Greenlight Re Innovations, today announced an investment in Vertical Insure, Inc. (“Vertical Insure”), a Minneapolis-based embedded insurance platform.

Vertical Insure is addressing distribution inefficiencies by embedding insurance in vertical Software as a Service (“SaaS”) platforms, targeting the SaaS platforms’ business clients and the underlying customers of those businesses. Vertical Insure works with managing general agents and carriers to provide additional distribution streams while providing its SaaS partners with a new source of revenue.

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