secwatch / observer

GREENLIGHT CAPITAL RE, LTD. — fact timeline

Source-grounded facts extracted from GREENLIGHT CAPITAL RE, LTD.'s SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

GLRE GREENLIGHT CAPITAL RE, LTD. JSON
Earnings Releases

GREENLIGHT CAPITAL RE, LTD. reported first quarter March 31, 2026 results: revenue $154.1 million, net income $35.8 million, EPS $1.05.

“Gross premiums written decreased 8% to $227.9 million; • Net premiums earned decreased 8% to $154.1 million; • Net underwriting income of $6.2 million, compared to an underwriting loss of $7.8 million; • Combined ratio of 96.0%, compared to 104.6%; • Total investment income of $40.4 million, compared to $40.5 million; • Net income of $35.8 million, or $1.05 per diluted ordinary share, compared to net income of $29.6 million, or $0.86 per diluted ordinary share; • Repurchased $5 million of ordinary shares at an average cost of $16.70 per share; and • Fully diluted book value per share increased 4.7% to $21.40, from $20.43 at December 31, 2025.”
Debt Financings

GREENLIGHT CAPITAL RE, LTD. incurred debt of $300.0 million with CIBC Bank USA maturing December 22, 2027.

“(the “ Company ”), entered into a Master Letter of Credit Agreement (the “ GRIL LC Agreement ”) with CIBC Bank USA (“ CIBC ”), which provides for a committed letter of credit facility (the “ GRIL LC Facility ”) and (ii) Greenlight Reinsurance, Ltd.”
Material Agreements

GREENLIGHT CAPITAL RE, LTD. amended Greenlight Re LC Agreement with CIBC Bank USA valued at Amended and restated letter of credit facility with an initial commitment of $250,000,000 (effective 2026-04-01).

“and (ii) Greenlight Reinsurance, Ltd. (“ Greenlight Re ”, and together with GRIL, the “ LC Applicants ”, and each, an “ LC Applicant ”), a direct subsidiary of the Company, entered into an Amended and Restated Master Letter of Credit Agreement with CIBC (the “ Greenlight Re LC Agreement ”), which provides for a committed letter of credit facility (the “ Greenlight Re LC Facility ”, and together with the GRIL LC Facility, the “ LC Facilities ” and each, an “ LC Facility ”).”
Material Agreements

GREENLIGHT CAPITAL RE, LTD. entered into GRIL LC Agreement with CIBC Bank USA valued at Committed letter of credit facility with an initial commitment of $50,000,000 (effective 2026-04-01).

“On April 1, 2026 (the “ Closing Date ”), (i) Greenlight Reinsurance Ireland, Designated Activity Company (“ GRIL ”), a direct subsidiary of Greenlight Capital Re, Ltd. (the “ Company ”), entered into a Master Letter of Credit Agreement (the “ GRIL LC Agreement ”) with CIBC Bank USA (“ CIBC ”), which provides for a committed letter of credit facility (the “ GRIL LC Facility ”)”
Earnings Releases

GREENLIGHT CAPITAL RE, LTD. reported the year ended December 31, 2025 results: net income Net income of $74.8 million, or $2.17 per diluted ordinary share, EPS $2.17 per diluted ordinary share.

“Greenlight Capital Re, Ltd. (the "Registrant" or "Company") issued a press release announcing its financial results for the fourth quarter and year ended December 31, 2025.”
Earnings Releases

GREENLIGHT CAPITAL RE, LTD. reported the fourth quarter ended December 31, 2025 results: net income Net income of $49.3 million, or $1.44 per diluted ordinary share, EPS $1.44 per diluted ordinary share.

“Greenlight Capital Re, Ltd. (the "Registrant" or "Company") issued a press release announcing its financial results for the fourth quarter and year ended December 31, 2025.”
Debt Financings

GREENLIGHT CAPITAL RE, LTD. amended revolving credit of $50 million revolving credit facility with CIBC Bank USA at Term SOFR plus 3.25% per annum maturing September 3, 2030.

“date of the Amendment, the " Existing Credit Agreement ", and as further amended by the Amendment, the “ Amended Credit Agreement ”). The Amended Credit Agreement provides for a $50 million revolving credit facility (the “ Revolving Credit Facility ”), proceeds which were used to refinance in full the Company’s term loan facility under the Existing Credit Agreement”
Earnings Releases

GREENLIGHT CAPITAL RE, LTD. reported first quarter ended March 31, 2024 results: revenue Gross premiums written increased 16.5% to $217.3 million, net income Net income of $27.0 million, or $0.78 per diluted ordinary share, compared to $5.9 million, or $0.17 per diluted ordinar, EPS $0.78 per diluted ordinary share.

“be expressly set forth by specific reference in such filing. --- EX-99.1 (EX-99.1) --- GREENLIGHT RE ANNOUNCES FIRST QUARTER 2024 FINANCIAL RESULTS Strong Premium Growth of 16.5%, Leading to Net income of $27.0 million GRAND CAYMAN, Cayman Islands – May 8, 2024 – Greenlight Capital Re, Ltd. (NASDAQ: GLRE) (“Greenlight Re” or the “Company”) today reported”
Earnings Releases

GREENLIGHT CAPITAL RE, LTD. reported financial results for the first quarter ended March 31, 2024.

“On May 8, 2024, Greenlight Capital Re, Ltd. (the "Registrant") issued a press release announcing its financial results for the first quarter ended March 31, 2024. A copy of the press release is attached as Exhibit 99.1 to this Form 8-K and incorporated herein by reference.”
Material Agreements

GREENLIGHT CAPITAL RE, LTD. terminated Facility with Citibank Europe plc valued at $275,000,000 (effective 2024-04-12).

“On April 12, 2024, Greenlight Capital Re, Ltd. (the “Registrant”) received written notice (the “Notice”) from Citibank Europe plc (“Citi”) of its decision to terminate its commitment under the $275,000,000 letter of credit facility agreement, between the Registrant’s subsidiary Greenlight Reinsurance, Ltd. ("Greenlight Reinsurance") and Citi, dated August 20, 2010, as amended (the “Facility”).”
Debt Financings

GREENLIGHT CAPITAL RE, LTD. incurred revolving credit of $30.0 million with CIBC Bank USA at base rate plus 2.50% per annum maturing December 21, 2024.

“the Credit Agreement provides, subject to the conditions set forth therein, for a revolving credit facility (the “ Revolving Credit Facility ”), in an aggregate amount of $30.0 million.”
Debt Financings

GREENLIGHT CAPITAL RE, LTD. incurred credit facility of $200.0 million with CIBC Bank USA at 0.25% of the face amount maturing December 21, 2024.

“The Credit Agreement provides, subject to certain conditions set forth therein, for a committed letter of credit facility (the “ LC Facility ”), in an aggregate amount of $200.0 million, with a $30.0 million sublimit for unsecured letters of credit.”
Material Agreements

GREENLIGHT CAPITAL RE, LTD. entered into Credit Agreement with CIBC Bank USA valued at $200.0 million (effective 2023-12-22).

“On December 22, 2023, Greenlight Reinsurance, Ltd. (“ Greenlight ”), a direct subsidiary of Greenlight Capital Re, Ltd. (the "Company"), entered into a Credit Agreement (the “ Credit Agreement ”) with CIBC Bank USA, acting as a lender and a letters of credit issuer (the “ LC Issuer ”).”
Earnings Releases

GREENLIGHT CAPITAL RE, LTD. reported the third quarter ended September 30, 2023 results: net income Net income of $13.5 million, EPS $0.39 per diluted ordinary share.

“On November 8, 2023, Greenlight Capital Re, Ltd. (the "Registrant") issued a press release announcing its financial results for the third quarter and nine months ended September 30, 2023.”

Greg Richardson was appointed as Director at GREENLIGHT CAPITAL RE, LTD..

“it is contemplated that Mr. Richardson will become a member of the Registrant's board of directors on January 1, 2024.”

Greg Richardson was appointed as Chief Executive Officer at GREENLIGHT CAPITAL RE, LTD..

“Greg Richardson will be appointed Chief Executive Officer effective as of January 1, 2024.”

Simon Burton departed as Chief Executive Officer at GREENLIGHT CAPITAL RE, LTD..

“Mr. Richardson will succeed Simon Burton, who is leaving the Registrant on December 31, 2023.”
Earnings Releases

GREENLIGHT CAPITAL RE, LTD. reported the second quarter ended June 30, 2023 results: net income $49.9 million, EPS $1.32 per diluted ordinary share.

“Net income of $49.9 million, or $1.32 per diluted ordinary share compared to a net income of $14.8 million, or $0.37 per diluted ordinary share;”
Shareholder Votes

GREENLIGHT CAPITAL RE, LTD. shareholders approved Shareholders recommended by a non-binding advisory vote on a resolution approving the compensation of the Company’s named executive officers as disclosed pursuant to the compensation disclosure rules of the Securities and Exchange Commission based upon the following votes: at the 2023-07-25 meeting.

“12. Shareholders recommended by a non-binding advisory vote on a resolution approving the compensation of the Company’s named executive officers as disclosed pursuant to the compensation disclosure rules of the Securities and Exchange Commission based upon the following votes: Ordinary 1 Class A Class B For 21,471,196 — — Against 463,160 — — Abstain 533,346 — — Broker non-votes 4,742.563 — —”
Shareholder Votes

GREENLIGHT CAPITAL RE, LTD. shareholders approved The 2023 Omnibus Incentive Plan was approved based upon the following votes: at the 2023-07-25 meeting.

“11. The 2023 Omnibus Incentive Plan was approved based upon the following votes: Ordinary 1 Class A Class B For 17,536,783 — — Against 4,640,865 — — Abstain 290,054 — — Broker non-votes 4,742.563 — —”
Shareholder Votes

GREENLIGHT CAPITAL RE, LTD. shareholders approved The proposal to adopt the Fourth Amended and Restated Memorandum and Articles of Association was approved based upon the following votes: at the 2023-07-25 meeting.

“10. The proposal to adopt the Fourth Amended and Restated Memorandum and Articles of Association was approved based upon the following votes: Ordinary 1 Class A Class B For 22,190,288 — — Against 11,271 — — Abstain 266,142 — — Broker non-votes 4,742.563 — —”
Shareholder Votes

GREENLIGHT CAPITAL RE, LTD. shareholders approved The proposal to amend the Articles to eliminate certain subsidiary voting, or push-up, provisions contained in §§96 and 97 of the Articles was approved based upon the following votes: at the 2023-07-25 meeting.

“9. The proposal to amend the Articles to eliminate certain subsidiary voting, or push-up, provisions contained in §§96 and 97 of the Articles was approved based upon the following votes: Ordinary 1 Class A Class B For 20,449,804 — — Against 1,752,204 — — Abstain 265,693 — — Broker non-votes 4,742.563 — —”
Shareholder Votes

GREENLIGHT CAPITAL RE, LTD. shareholders approved The proposal to amend the Articles to eliminate the voting power reduction, or cut-back, provisions related to the Class A ordinary shares contained in §§12(3), 43(2), 53(2) and 54 of the Articles was approved based upon the following votes: at the 2023-07-25 meeting.

“8. The proposal to amend the Articles to eliminate the voting power reduction, or cut-back, provisions related to the Class A ordinary shares contained in §§12(3), 43(2), 53(2) and 54 of the Articles was approved based upon the following votes: Ordinary 1 Class A Class B For 20,447,904 — — Against 1,754,131 — — Abstain 265,666 — — Broker non-votes 4,742.563 — —”
Shareholder Votes

GREENLIGHT CAPITAL RE, LTD. shareholders approved The proposal to re-designate Class B ordinary shares as Class A ordinary shares, with all the rights attributable to the Class A ordinary shares, reclassify the Class A ordinary shares as "ordinary shares," and eliminate the Company’s dual-class share structure was approved based upon the following at the 2023-07-25 meeting.

“7. The proposal to re-designate Class B ordinary shares as Class A ordinary shares, with all the rights attributable to the Class A ordinary shares, reclassify the Class A ordinary shares as “ordinary shares,” and eliminate the Company’s dual-class share structure was approved based upon the following votes: Class A Class B For 48,726,227 8,697,736 Against 70,287 — Abstain 692,832 — Broker non-votes 12,368,136 —”
Shareholder Votes

GREENLIGHT CAPITAL RE, LTD. shareholders approved The appointment of Deloitte Ireland LLP as the independent auditors of Greenlight Reinsurance Ireland, Designated Activity Company for the fiscal year ending December 31, 2023 until the 2024 Meeting was ratified based upon the following votes: at the 2023-07-25 meeting.

“6. The appointment of Deloitte Ireland LLP as the independent auditors of Greenlight Reinsurance Ireland, Designated Activity Company for the fiscal year ending December 31, 2023 until the 2024 Meeting was ratified based upon the following votes: Class A Class B For 43,973,064 8,697,736 Against 15,324 — Abstain 3,333 — Broker non-votes — —”
Shareholder Votes

GREENLIGHT CAPITAL RE, LTD. shareholders approved The appointment of Deloitte & Touche LLP as the independent auditors of Greenlight Reinsurance, Ltd. for the fiscal year ending December 31, 2023 until the 2024 Meeting was ratified based upon the following votes: at the 2023-07-25 meeting.

“5. The appointment of Deloitte & Touche LLP as the independent auditors of Greenlight Reinsurance, Ltd. for the fiscal year ending December 31, 2023 until the 2024 Meeting was ratified based upon the following votes: Class A Class B For 61,846,513 8,697,736 Against 8,212 — Abstain 2,756 — Broker non-votes — —”
Shareholder Votes

GREENLIGHT CAPITAL RE, LTD. shareholders approved The appointment of Deloitte Ltd. as the Company’s independent auditors for the fiscal year ending December 31, 2023 until the 2024 Meeting was ratified based upon the following votes: at the 2023-07-25 meeting.

“4. The appointment of Deloitte Ltd. as the Company’s independent auditors for the fiscal year ending December 31, 2023 until the 2024 Meeting was ratified based upon the following votes: Class A Class B For 61,846,641 8,697,736 Against 8,469 — Abstain 2,471 — Broker non-votes — —”
Shareholder Votes

GREENLIGHT CAPITAL RE, LTD. shareholders approved The following individuals were elected as directors of Greenlight Reinsurance Ireland, Designated Activity Company until the 2024 Meeting, based upon the following votes: at the 2023-07-25 meeting.

“3. The following individuals were elected as directors of Greenlight Reinsurance Ireland, Designated Activity Company until the 2024 Meeting, based upon the following votes: Director Class A For Class A Against Class A Abstain Class A broker non-votes Class B For Class B Against Class B Abstain Class B broker non-votes Michael Brady 49,434,452 54,391 503 12,368,136 8,697,736 — — — Bryan Murphy 48,612,826 818,603 57,916 12,368,136 8,697,736 — — — Patrick O'Brien 49,432,709 55,848 788 12,368,136 8,697,736 — — — Brid Quigley 49,412,629 54,074 22,642 12,368,136 8,697,736 Daniel Roitman 49,310,134 156,569 22,642 12,368,136 8,697,736 — — — Faramarz Romer 49,377,090 111,467 788 12,368,136 8,697,736”
Shareholder Votes

GREENLIGHT CAPITAL RE, LTD. shareholders approved The following individuals were elected as directors of Greenlight Reinsurance, Ltd. until the 2024 Meeting, based upon the following votes: at the 2023-07-25 meeting.

“2. The following individuals were elected as directors of Greenlight Reinsurance, Ltd. until the 2024 Meeting, based upon the following votes: Director Class A For Class A Against Class A Abstain Class A broker non-votes Class B For Class B Against Class B Abstain Class B broker non-votes Simon Burton 48,631,227 857,330 788 12,368,136 8,697,736 — — — David Einhorn 49,334,727 153,830 788 12,368,136 8,697,736 — — — Johnny Ferrari 49,244,595 222,394 22,357 12,368,136 8,697,736 — — — Ursuline Foley 49,432,995 54,677 1,674 12,368,136 8,697,736 — — — Leonard Goldberg 48,643,669 845,173 503 12,368,136 8,697,736 — — — Victoria Guest 49,264,678 222,994 1,674 12,368,136 8,697,736 — — — Ian Isaacs 48,648,665 840,177 503 12,368,136 8,697,736 — — — Bryan Murphy 48,669,374 819,183 788 12,368,136 8,697,736 — — — Joseph Platt 46,710,121 2,756,868 22,357 12,368,136 8,697,736 — — — Daniel Roitman 49,310,103 156,886 22,357 12,368,136 8,697,736”
Shareholder Votes

GREENLIGHT CAPITAL RE, LTD. shareholders approved The following individuals were elected as directors of the Company until the Annual General Meeting of Shareholders of the Company in 2024 (the "2024 Meeting"), based upon the following votes: at the 2023-07-25 meeting.

“1. The following individuals were elected as directors of the Company until the Annual General Meeting of Shareholders of the Company in 2024 (the “2024 Meeting”), based upon the following votes: Director Class A For Class A Against Class A Abstain Class A broker non-votes Class B For Class B Against Class B Abstain Class B broker non-votes Simon Burton 48,291,062 1,197,780 503 12,368,136 8,697,736 — — — David Einhorn 48,990,021 498,822 503 12,368,136 8,697,736 — — — Johnny Ferrari 48,816,837 650,152 22,357 12,368,136 8,697,736 — — — Ursuline Foley 49,392,175 95,497 1,674 12,368,136 8,697,736 — — — Leonard Goldberg 48,306,712 1,182,130 503 12,368,136 8,697,736 — — — Victoria Guest 48,838,025 650,532 788 12,368,136 8,697,736 — — — Ian Isaacs 48,398,950 1,089,607 788 12,368,136 8,697,736 — — — Bryan Murphy 48,421,515 1,067,041 788 12,368,136 8,697,736 — — — Joseph Platt 44,311,821 5,154,882 22,642 12,368,136 8,697,736 — — — Daniel Roitman 48,983,206 483,497 22,642 12,368,136 8,697,736”
Material Agreements

GREENLIGHT CAPITAL RE, LTD. entered into Credit Agreement with CIBC Bank USA valued at delayed draw term loan facility, aggregate amount of $75.0 million, matures August 1, 2026, interest (effective 2023-06-16).

“On June 16, 2023, Greenlight Capital Re, Ltd. (the “ Company ”) entered into a Credit Agreement (the “ Credit Agreement ”) with a group of banks (the “ Banks ”), for which CIBC Bank USA is acting as administrative agent (the “ Administrative Agent ”).”
Earnings Releases

GREENLIGHT CAPITAL RE, LTD. reported first quarter ended March 31, 2023 results: revenue $142.6 million, net income $5.9 million, EPS $0.17 per diluted ordinary share.

“First Quarter 2023 Highlights (all comparisons are to first quarter 2022 unless noted otherwise) : • Gross premiums written increased 27.8% to $186.5 million; • Net premiums earned increased 13.3% to $142.6 million; • Underwriting income of $0.4 million compared to an underwriting loss of $7.7 million; • Net income of $5.9 million, or $0.17 per diluted ordinary share compared to a net loss of $5.7 million, or $(0.17) per diluted ordinary share; • Combined ratio of 99.8%, compared to a combined ratio of 106.2%; • Total investment income of $5.2 million, compared to total investment income of $7.7 million; and • Fully diluted book value per share increased $0.16, or 1.1%, to $14.75, compared to $14.59 on December 31, 2022.”

Neil Greenspan departed as Chief Financial Officer at GREENLIGHT CAPITAL RE, LTD..

“Mr. Romer will succeed Neil Greenspan, who is leaving the Company on March 31, 2023.”

Faramarz Romer was appointed as Chief Financial Officer at GREENLIGHT CAPITAL RE, LTD..

“Faramarz Romer, the Registrant’s Chief Accounting Officer and Treasurer, will be appointed Chief Financial Officer effective as of April 1, 2023.”
Earnings Releases

GREENLIGHT CAPITAL RE, LTD. reported financial results for fourth quarter and year ended December 31, 2022.

“On March 8, 2023, Greenlight Capital Re, Ltd. (the "Registrant") issued a press release announcing its financial results for the fourth quarter and year ended December 31, 2022.”
Material Agreements

GREENLIGHT CAPITAL RE, LTD. amended Amendment No. 1 to the Second Amended and Restated Exempted Limited Partnership Agreement with DME Advisors II, LLC (effective 2022-12-15).

“On December 15, 2022, Greenlight Reinsurance, Ltd. (“Greenlight Re”) and Greenlight Reinsurance Ireland, Designated Activity Company (“GRIL”), each a wholly owned subsidiary of Greenlight Capital Re, Ltd. (the “Registrant” and, together with Greenlight Re and GRIL, “GLRE”), the Registrant (for limited purposes) and DME Advisors II, LLC (together with GLRE, the “Parties”), general partner of Solasglas Investments, LP (“SILP”), executed that certain Amendment No. 1 (the “Amendment”) to the Second Amended and Restated Exempted Limited Partnership Agreement, dated as of January 7, 2021 and effective as of January 1, 2021 (the “Second Restated Agreement”).”
Earnings Releases

GREENLIGHT CAPITAL RE, LTD. reported the three months ended September 30, 2022 results: net income $18.5 million, EPS $0.56 per diluted ordinary share.

“• A net loss of $18.5 million, or $0.56 per diluted ordinary share”

Laura Accurso departed as General Counsel, Corporate Secretary, and Chief Compliance Officer at GREENLIGHT CAPITAL RE, LTD..

“On October 25, 2022, Greenlight Capital Re, Ltd. (the “Company”) and Greenlight Reinsurance, Ltd. (“Greenlight” and, together with the Company, the “Employer”) announced that Laura Accurso, General Counsel, Corporate Secretary, and Chief Compliance Officer of the Employer, will separate from the Employer, effective as of December 31, 2022”

Simon Burton changed role as Chief Executive Officer at GREENLIGHT CAPITAL RE, LTD..

“Simon Burton, the Registrant’s Chief Executive Officer, relinquished his role as Chief Underwriting Officer”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.