other material
confidence high
sentiment neutral
materiality 0.45
Greenlight Capital Re amends Solasglas LP agreement; investment cap set at 60% of GLRE surplus
GREENLIGHT CAPITAL RE, LTD.
- Amendment changes Additional Investment Ratio to (0.60 × GLRE Surplus) ÷ (sum of Capital Accounts of Greenlight Re and GRIL).
- Effective January 1, 2023; executed December 15, 2022 by DME Advisors II, LLC and GLRE subsidiaries.
- Amendment modifies the Second Amended and Restated Exempted Limited Partnership Agreement of Solasglas Investments, LP.
- Investment Cap of 0.60 (60%) will determine future additional investment contributions by the reinsurance entities.