Greenlight Capital Re adds John Welch to board
Rhea-AI Filing Summary
GREENLIGHT CAPITAL RE, LTD. (GLRE) reported changes to its board composition. Effective September 1, 2026, John Welch was appointed as an independent director of the company’s board and of the board of Greenlight Reinsurance, Ltd., with the latter appointment subject to approval by the Cayman Islands Monetary Authority. On the same date, he joined the Audit, Compensation, and Underwriting Committees. The company also highlighted the recent addition of director Ariel Warszawski, elected by shareholders at the Annual General Meeting on July 28, 2026. Both appointees bring extensive insurance, reinsurance, and investment experience to support the company’s multiline property and casualty reinsurance and non-traditional investment strategy.
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Filing Explained
As part of John Welch’s effective appointment, the company will provide director compensation similar to that of its other independent directors and has entered into a deed requiring indemnification and advancement of expenses for covered service-related claims, subject to its terms and applicable law.
8-K Event Classification
3 items: 5.02, 8.01, 9.01
3 items
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Age of John Welch: 61 years
Effective appointment date of John Welch: September 1, 2026
Annual General Meeting date: July 28, 2026
+4 more
7 metrics
Age of John Welch
61 years
Age of newly appointed independent director John Welch
Effective appointment date of John Welch
September 1, 2026
Date John Welch became an independent director and committee member
Annual General Meeting date
July 28, 2026
Date shareholders elected director Ariel Warszawski
Aspen Group Chief Underwriting Officer tenure
July 2025 to February 2026
Period John Welch served as Group Chief Underwriting Officer at Aspen
Aspen Chief Underwriting Officer, Reinsurance tenure
June 2023 to July 2025
Period John Welch served as Aspen’s Chief Underwriting Officer, Reinsurance
XL Reinsurance America President tenure
July 2006 to April 2015
Period John Welch served as President of XL Reinsurance America
Fairfield University graduation year
1987
Year John Welch obtained his Bachelor of Science in Mathematics
Key Terms
independent director, Deed of Indemnity, Casualty Actuarial Society, Annual General Meeting, +2 more
6 terms
independent director regulatory
"John Welch has been appointed as an independent director of the board"
An independent director is a member of a company's board of directors who is not involved in the company's day-to-day operations and has no significant relationships with the company that could influence their judgment. Their role is to provide unbiased oversight and ensure the company is managed in the best interests of all shareholders. This helps build trust and confidence among investors by promoting transparency and accountability.
Deed of Indemnity regulatory
"The Registrant also entered into a Deed of Indemnity with Mr. Welch"
Casualty Actuarial Society technical
"Mr. Welch is a Fellow of the Casualty Actuarial Society"
Annual General Meeting regulatory
"elected as a director to the Registrant Board by shareholders at the Registrant’s Annual General Meeting"
multiline property and casualty insurance and reinsurance financial
"provides multiline property and casualty insurance and reinsurance through its licensed and regulated reinsurance entities"
Lloyd’s platform financial
"and its Lloyd’s platform, Greenlight Innovation Syndicate 3456"
FAQ
What board changes did GLRE announce on September 1, 2026?
Greenlight Capital Re, Ltd. announced that John Welch was appointed an independent director of the board, effective September 1, 2026, and also joined the Audit, Compensation, and Underwriting Committees. The company also noted the recent election of Ariel Warszawski as a director on July 28, 2026.
What experience does John Welch bring to the GLRE board?
John Welch, age 61, previously served as Group Chief Underwriting Officer of Aspen Insurance Holdings Limited from July 2025 to February 2026 and as a reinsurance executive at Sompo until August 2026, with over 30 years in executive roles across global insurance and reinsurance organizations.
Which GLRE board committees will John Welch serve on?
Effective September 1, 2026, John Welch was appointed to the Audit Committee, the Compensation Committee, and the Underwriting Committee of Greenlight Capital Re, Ltd.’s board of directors.
Who is Ariel Warszawski and what is his background relevant to GLRE?
Ariel Warszawski is co-founder and co-CEO of Firefly Minerals, LLC, focused on mineral rights in Appalachia, and co-founder and co-portfolio manager of Firefly RE Management Company. He previously co-founded Firefly Value Partners, a long/short value hedge fund formed in 2006 and wound down in 2025.
What indemnification arrangements does GLRE have with John Welch?
Greenlight Capital Re, Ltd. entered into a Deed of Indemnity with John Welch. It provides indemnification and expense advancement to the fullest extent permitted by law for claims relating to his service, and is identical in all material respects to indemnification agreements with other directors.
What business does GLRE operate in?
Greenlight Capital Re, Ltd. provides multiline property and casualty insurance and reinsurance through entities in the Cayman Islands, Ireland, and its Lloyd’s platform Greenlight Innovation Syndicate 3456, and complements underwriting with a non-traditional investment approach to seek higher long-term returns.
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported)
(Exact name of registrant as specified in charter)
| N/A | ||||||||
(State or other jurisdiction of incorporation) | (Commission file number) | (IRS employer identification no.) | ||||||
| P.O. Box 31110 | ||||||||
| Grand Cayman | ||||||||
| (Address of principal executive offices) | (Zip code) | |||||||
(205 ) 291-3440
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | ||||||||
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | ||||||||
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | ||||||||
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | ||||||||
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging Growth Company ☐
If an emerging growth company, indicate by check mark if registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Appointment of Director
On September 1, 2026, the Board of Directors (the “Registrant Board”) of Greenlight Capital Re, Ltd. (the “Registrant”) and the Board of Directors of Greenlight Reinsurance, Ltd. (the “Greenlight Re Board”) appointed John Welch as an independent director of the Registrant Board and the Greenlight Re Board, effective September 1, 2026. The appointment of Mr. Welch to the Greenlight Re Board is subject to the approval by the Cayman Islands Monetary Authority. Effective on the same date, Mr. Welch was appointed as a member of the Audit Committee, the Compensation Committee and the Underwriting Committee of the Registrant Board. Mr. Welch brings broad and deep financial industry and actuarial expertise and experience, as well as extensive management experience.
Mr. Welch, age 61, served as Group Chief Underwriting Officer of Aspen Insurance Holdings Limited (“Aspen”) from July 2025 to February 2026, where he was responsible for overseeing, developing and executing Aspen’s underwriting strategy across the group. Aspen was acquired by Sompo Holdings, Inc. in February 2026 and following the acquisition Mr. Welch served as a reinsurance executive at Sompo until August 2026. From June 2023 to July 2025, Mr. Welch served as Aspen’s Chief Underwriting Officer, Reinsurance. Prior to joining Aspen, Mr. Welch served as Chief Executive, Domestic Markets (January 2020 – November 2022) and Chief Executive North America (September 2018 – January 2020) at AXA XL Reinsurance, Chief Executive North American Reinsurance (May 2015 – January 2020) at XL Catlin, and President (July 2006 – April 2015) of XL Reinsurance America. Mr. Welch is a Fellow of the Casualty Actuarial Society and holds a Bachelor of Science degree in Mathematics from Fairfield University (1987).
There are no family relationships between Mr. Welch and any Registrant director or executive officer, and no arrangements or understandings between Mr. Welch and any other person pursuant to which he was selected as a director. There are no related party transactions between the Registrant and Mr. Welch that would require disclosure under Item 404 of Regulation S-K and Mr. Welch will not be employed by the Registrant.
Mr. Welch’s director compensation will be similar to that of the other independent directors of the Registrant, as described under “Director Compensation” in the Registrant’s 2026 proxy statement on Schedule 14A, as filed with the Securities and Exchange Commission on April 24, 2026. The Registrant also entered into a Deed of Indemnity (the “Deed of Indemnity”) with Mr. Welch, which provides that the Registrant will indemnify and hold harmless, and advance expenses paid or incurred by Mr. Welch, to the fullest extent permitted by law, for claims relating to his service to the Registrant or its subsidiaries, subject to the terms and conditions contained in the form of Deed of Indemnity. The Deed of Indemnity is identical in all material respects to the indemnification agreements entered into with other directors of the Registrant.
Item 8.01. Other Events.
On September 1, 2026, the Registrant issued a press release titled “Greenlight Capital Re, Ltd. Announces New Director Appointments,” announcing the appointment of Mr. Welch as well as the addition of Ariel Warszawski, who was recently elected as a director to the Registrant Board by shareholders at the Registrant’s Annual General Meeting held on July 28, 2026. A copy of the press release is attached hereto as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
| Exhibit No. | Description of Exhibit | ||||
| 99.1 | Press Release Greenlight Capital Re, Ltd. Announces New Director Appointments, dated September 1, 2026, issued by the Registrant | ||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | ||||
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| GREENLIGHT CAPITAL RE, LTD. | ||||||||
| (Registrant) | ||||||||
| By: | /s/ David Sigmon | |||||||
| Name: | David Sigmon | |||||||
| Title: | General Counsel, Chief Compliance Officer & Secretary | |||||||
| Date: | September 1, 2026 | |||||||
FOR IMMEDIATE RELEASE
GREENLIGHT CAPITAL RE, LTD.
ANNOUNCES NEW DIRECTOR APPOINTMENTS
GRAND CAYMAN, Cayman Islands – September 1, 2026 – Greenlight Capital Re, Ltd. (Nasdaq: GLRE) (“Greenlight Re” or the “Company”) announced, effective today, that John Welch has been appointed as an independent director of the board of directors of the Company (the “Board”). The addition of Mr. Welch follows the addition of Ariel Warszawski, who was recently elected to the Board by shareholders at the Company’s Annual General Meeting held on July 28, 2026.
David Einhorn, Chairman of the Board, stated, “We are honored to welcome John and Ariel to the Board. John brings broad and deep financial industry and actuarial expertise, as well as extensive management experience gained over more than 30 years in executive roles across global insurance and reinsurance organizations. Ariel brings significant U.S. and global business experience from strategic advisory, entrepreneurial, and direct investment perspectives. Together, John and Ariel will further strengthen the Board’s ability to effectively oversee and assist management in building upon the Company’s continued success.”
Mr. Welch served as Group Chief Underwriting Officer of Aspen Insurance Holdings Limited (“Aspen”) from July 2025 to February 2026, where he was responsible for overseeing, developing and executing Aspen’s underwriting strategy across the group. Aspen was acquired by Sompo Holdings, Inc. in February 2026, and following the acquisition, Mr. Welch served as a reinsurance executive at Sompo until August 2026. From June 2023 to July 2025, Mr. Welch served as Aspen’s Chief Underwriting Officer, Reinsurance. Prior to joining Aspen, Mr. Welch held various positions with AXA XL Reinsurance, XL Catlin, and XL Reinsurance America. Mr. Welch is a Fellow of the Casualty Actuarial Society and holds a Bachelor of Science degree in Mathematics from Fairfield University.
Mr. Warszawski is the co-founder and co-CEO of Firefly Minerals, LLC, a company that specializes in the direct and indirect acquisition of royalty-producing natural gas mineral rights in Appalachia, a role he has held since 2026. He is also the co-founder and co-portfolio manager of Firefly RE Management Company, which he co-founded in 2020 and which manages the Firefly Minerals Special Purpose Vehicle. Previously, Mr. Warszawski was co-founder and co-portfolio manager of Firefly Value Partners, a long/short value hedge fund that formed in 2006 and completed its wind-down in 2025. He holds a Bachelor of Science degree in Materials Science and Engineering from the Massachusetts Institute of Technology.
About Greenlight Capital Re, Ltd.
Greenlight Re (www.greenlightre.com) provides multiline property and casualty insurance and reinsurance through its licensed and regulated reinsurance entities in the Cayman Islands and Ireland, and its Lloyd’s platform, Greenlight Innovation Syndicate 3456. The Company complements its underwriting activities with a non-traditional investment approach designed to achieve higher rates of return over the long term than reinsurance companies that exclusively employ more traditional investment strategies. The
Company’s innovations unit, Greenlight Re Innovations, supports technology innovators in the (re)insurance space by providing investment capital, risk capacity, and access to a broad insurance network.
Investor Relations Contact
Jeremy Hellman
Vice President, The Equity Group Inc.
(212) 836-9626
IR@greenlightre.ky