Greenlight Re Innovations Announces Investment in Embedded Insurance Platform Vertical Insure

GRAND CAYMAN, Cayman Islands and Minneapolis, MN – February 7, 2023 – Greenlight Capital Re, Ltd. (NASDAQ: GLRE) (“Greenlight Re,” or “the Company”), through its Greenlight Re Innovations, today announced an investment in Vertical Insure, Inc. (“Vertical Insure”), a Minneapolis-based embedded insurance platform.

Vertical Insure is addressing distribution inefficiencies by embedding insurance in vertical Software as a Service (“SaaS”) platforms, targeting the SaaS platforms’ business clients and the underlying customers of those businesses. Vertical Insure works with managing general agents and carriers to provide additional distribution streams while providing its SaaS partners with a new source of revenue.

Greenlight Re Innovations Announces Investment in Cargo Insurance Platform Otonomi

GRAND CAYMAN, Cayman Islands – October 24, 2022 – Greenlight Re Innovations (“GRI”), part of Greenlight Capital Re, Ltd. (NASDAQ: GLRE) (“Greenlight Re” or the “Company”), has announced an investment in Otonomi, Inc. (“Otonomi”), a New York-based parametric cargo insurance platform.

In recent years, globalization and technological advancements have led to a significant increase in global trade, increasingly exposing supply chain vulnerabilities. Otonomi is addressing this global challenge by developing parametric coverage for air, ground, and marine cargo and freight delays. With most companies experiencing supply chain disruptions, particularly since the onset of the COVID-19 pandemic, Otonomi works with aviation, freight forwarders, and logistics partners to provide a simple, point-of-sale insurance offering on a per-shipment basis to mitigate interruptions that ultimately create delays and higher prices for consumers. Additionally, Otonomi’s platform uses blockchain technology to administer the policies while enabling automated claims payments, reducing the claims adjudication processing time from an industry average of 45 days to under 45 minutes.

Greenlight Re Innovations Announces Investment in Short-Term Rental Insurance Startup Safely

GRAND CAYMAN, Cayman Islands – October 18, 2022 – Greenlight Re Innovations (“GRI”), part of Greenlight Capital Re, Ltd. (NASDAQ: GLRE) (“Greenlight Re” or the “Company”), has announced an investment in SafelyStay, Inc (“Safely”).

With the rise of booking platforms such as Airbnb and Vrbo, the short-term home rental market has grown rapidly, and homeowners have become more aware of their homes’ revenue-generating potential. However, concerns about the possibility of property damage and liability exposure have left many homeowners reluctant to list their properties.

Greenlight Re to Host Investor Day in New York on November 17, 2022

GRAND CAYMAN, Cayman Islands – October 17, 2022 – Greenlight Capital Re, Ltd. (NASDAQ: GLRE) (“Greenlight Re” or the “Company”), a multiline property and casualty insurer and reinsurer, will host a live investor day in New York City on Thursday, November 17, 2022, beginning at 12pm ET.

At the event, members of the Company’s leadership team, including Chief Executive Officer Simon Burton and the Chairman of the Company’s Board of Directors, David Einhorn, will deliver a series of presentations followed by an open question-and-answer session.

Greenlight Re Announces Underwriting Leadership Changes

GRAND CAYMAN, Cayman Islands – October 5, 2022 – Greenlight Capital Re, Ltd. (NASDAQ: GLRE) (“Greenlight Re” or the “Company”) is pleased to announce the following promotions within its underwriting leadership teams:

• Regan Cairns has been promoted as Chief Underwriting Officer of Greenlight Reinsurance Ltd., focusing on Financial Risks, North American Casualty, and Property classes.*
• Finbar (“Barry”) Griffin has been promoted as Chief Underwriting Officer of Greenlight Reinsurance Ireland, dac (“GRIL”), focusing on London Market Specialty and Funds at Lloyd’s classes.
• Kagabo Ngiruwonsanga has been promoted as Head of Underwriting of Innovations and will manage and oversee underwriting opportunities derived from Greenlight Re Innovations.*

*This appointment is subject to regulatory and immigration approvals.