Greenlight Capital Re, Ltd. Announces Creation of a UK Marketing Company and the Appointment of Andrew Gladwin
25 November 2020 - 1:00AM
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 it has
established a UK marketing company, Greenlight Re Marketing (UK)
Limited (“Greenlight Re UK”), to increase its presence in the
London market. The Company also announced the appointment of Andrew
Gladwin as Greenlight Re UK’s first employee.
“London market specialty business is now central
to Greenlight Re’s portfolio. Greenlight Re UK will facilitate
further growth in this area,” said Simon Burton, Greenlight Re’s
Chief Executive. “Andy Gladwin is a recognized expert in Marine
& Energy reinsurance, with over 30 years of experience in this
market. We are delighted to welcome him to our team.”
Mr. Gladwin has held roles as Global Head of
Marine Treaty at Canopius and London Market Treaty lead at Swiss
Re. “This is an exciting time in the market, and I look forward to
contributing to the growth of Greenlight Re’s book,” Mr. Gladwin
said.
About Greenlight Capital Re, Ltd.
Established in 2004, Greenlight Re
(www.greenlightre.com) 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.
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 Form 10-K and Amendment No. 1 to Form 10-K filed with the
Securities Exchange Commission on April 29, 2020. 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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