Greenlight Capital Re Ltd Stock Price, News & Analysis

Greenlight Capital Re, Ltd. (NASDAQ: GLRE) will release its financial results for the quarter ended December 31, 2020, on March 10, 2021, after market close. A conference call to discuss these results is scheduled for March 11, 2021, at 9:00 a.m. Eastern time. Interested participants can join via toll-free numbers or a webcast. The company emphasizes its focus on risk management products while acknowledging potential risks related to economic conditions, underwriting, and competition.

Greenlight Capital Re has scheduled its 2021 annual general meeting for May 4, 2021. Shareholders of record by March 12, 2021 are entitled to vote on meeting matters. The company will send notices and voting instructions to its shareholders, providing access to detailed proxy materials online. Established in 2004, Greenlight Re specializes in property and casualty reinsurance, focusing on risk management products and services. They aim for long-term growth in book value per share through a value-oriented investment strategy.

Greenlight Capital Re, Ltd. (NASDAQ: GLRE) has established a UK marketing entity, Greenlight Re Marketing (UK) Limited, to enhance its presence in the London market. Andrew Gladwin has been appointed as the first employee, bringing over 30 years of expertise in Marine & Energy reinsurance, previously working with Canopius and Swiss Re. This strategic move aims to expand Greenlight Re’s specialty business portfolio, which is crucial for growth, according to CEO Simon Burton.

Greenlight Capital Re, Ltd. (GLRE) reported a net income of $2.2 million or $0.06 per share for Q3 2020, down from $5.1 million or $0.14 per share in Q3 2019. The increase in fully diluted book value per share was 1.9% to $12.03. Gross written premiums rose to $135.6 million, a 22.6% increase, while net written premiums increased 25.9% to $134.1 million. However, net underwriting loss was $0.4 million, compared to a $2.6 million gain last year, impacted by $8.1 million in natural catastrophe losses.

Greenlight Capital Re (NASDAQ: GLRE) announced it will release its financial results for the quarter ended September 30, 2020, after market hours on November 4, 2020. A conference call is scheduled for November 5, 2020, at 9:00 a.m. Eastern time, to discuss the results. Participants can join the call via a dedicated phone line or through an online webcast. The replay of the conference will be available until November 12, 2020. The company also issued a forward-looking statement regarding potential risks impacting its performance.

Greenlight Capital Re, Ltd. (GLRE) has announced significant changes in its executive leadership. Simon Burton will now also serve as Chief Underwriting Officer, while Neil Greenspan takes over as Chief Financial Officer and Faramarz Romer as Chief Accounting Officer and Treasurer. These appointments come as Brendan Barry and Tim Courtis resign. The management team refresh aims to align with improving market conditions, leveraging Greenspan’s and Romer’s extensive experience. The changes are subject to approval from the Cayman Islands Monetary Authority.

Greenlight Capital Re, Ltd. (GLRE) reported a net loss of $0.1 million, or $0.00 per share, for Q2 2020, a significant drop from a net income of $15.3 million or $0.42 per share in Q2 2019. Gross written premiums fell to $116.7 million, down from $152.3 million in the prior year, leading to a net underwriting loss of $1.3 million. Despite challenges from COVID-19, which impacted results by $6.0 million, fully diluted book value per share increased by 1.5% to $11.81, aided by share repurchases. The company remains cautiously optimistic about pricing increases across various business lines.

Greenlight Capital Re, Ltd. (NASDAQ: GLRE) announced its financial results for the second quarter ended June 30, 2020, will be released after market close on August 5, 2020. A live conference call to discuss these results is scheduled for August 6, 2020, at 9:00 a.m. Eastern time. Investors can participate via phone or webcast. The press release also contains forward-looking statements regarding potential risks, uncertainties, and market conditions affecting the insurance and reinsurance industry.

Greenlight Capital Re (Nasdaq: GLRE) has scheduled its 2020 Annual Meeting for October 29, 2020, at its headquarters in Grand Cayman at 9:00 a.m. local time. Shareholders on record as of September 8, 2020, will receive notices and voting instructions for the meeting. The company, established in 2004, specializes in property and casualty reinsurance and aims to provide risk management solutions while focusing on long-term growth in book value per share. The release includes forward-looking statements regarding potential risks affecting the business.