Greenlight Re Innovations Announces Investment in Short-Term Rental Insurance Startup Safely
GRAND CAYMAN, Cayman Islands – October 18, 2022 – Greenlight Re Innovations (“GRI”), part of Greenlight Capital Re, Ltd. (NASDAQ: GLRE) (“Greenlight Re” or the “Company”), has announced an investment in SafelyStay, Inc (“Safely”).
With the rise of booking platforms such as Airbnb and Vrbo, the short-term home rental market has grown rapidly, and homeowners have become more aware of their homes’ revenue-generating potential. However, concerns about the possibility of property damage and liability exposure have left many homeowners reluctant to list their properties.
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