Welcome to our dedicated page for Greenlight Capital Re news (Ticker: GLRE), a resource for investors and traders seeking the latest updates and insights on Greenlight Capital Re stock.
Greenlight Capital Re Ltd (GLRE) provides specialized property and casualty reinsurance solutions, combining underwriting expertise with strategic risk management. This page serves as the definitive source for official company updates and industry analysis, offering stakeholders timely insights into GLRE's operational and financial developments.
Access curated press releases, earnings reports, and strategic announcements to track the company's performance in global reinsurance markets. Key coverage areas include underwriting initiatives, investment portfolio updates, leadership changes, and responses to industry trends affecting property/casualty risk management.
All content is verified for accuracy and relevance, providing investors with reliable information for market analysis. Bookmark this page to stay informed about GLRE's latest developments through continuously updated news streams and official corporate communications.
Greenlight Capital Re (NASDAQ: GLRE) has appointed David E. Sigmon as its new General Counsel, Corporate Secretary, and Chief Compliance Officer, pending regulatory and immigration approvals. Mr. Sigmon, who brings extensive experience in the insurance and reinsurance industry, will oversee the Company’s legal and compliance functions. Prior to this role, Sigmon held senior legal positions at Everest Re Group and AmTrust Financial Services. His background includes managing complex transactions and corporate law matters. CEO Simon Burton expressed enthusiasm about Sigmon's appointment, citing his leadership experience as vital for the company's future. Greenlight Re continues to focus on multiline property and casualty insurance and is known for its innovative investment strategies.
Greenlight Capital Re, Ltd. (NASDAQ: GLRE) reported a strong fourth quarter of 2022 with a net income of $34.8 million, or $0.91 per diluted share, up from $24.3 million in Q4 2021. Key metrics include a combined ratio of 94.2% versus 96.4% in the prior year, and total investment income rising to $32.5 million from $25.3 million. The full year saw gross premiums written at $563.2 million, a slight 0.4% decline, while net premiums earned decreased by 12.9% to $469.5 million, attributed to challenges from geopolitical events and natural disasters. The fully diluted book value per share increased 7.7% to $14.59.
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