Greenlight Capital RE Ltd
Greenlight Capital Re, Ltd. is an exempted company incorporated on 13 July 2004 under the laws of the Cayman Islands and recorded with the Cayman Islands General Registry; as is standard for Cayman exempted companies, no public company registration number is published by the registry, though the company’s status on file is Active. Greenlight Capital Re, Ltd.’s ordinary shares (Class A ordinary shares until 25 July 2023) trade on the Nasdaq Global Select Market under the ticker GLRE. The company is a global specialty property and casualty reinsurer, writing business through its Cayman Islands subsidiary Greenlight Reinsurance, Ltd., its Irish subsidiary Greenlight Reinsurance Ireland, Designated Activity Company, and a Lloyd’s of London corporate-member vehicle backing Syndicate 3456. What distinguishes Greenlight Capital Re, Ltd. from most reinsurers is that a large share of its investment portfolio is managed under a long-value, research-driven strategy by DME Advisors, an investment manager affiliated with the company’s chairman and co-founder, hedge-fund manager David Einhorn, rather than being held in a conventional fixed-income-heavy portfolio.
At its 25 July 2023 annual general meeting, shareholders approved eliminating the company’s historic dual-class share structure: Class B ordinary shares were re-designated as Class A ordinary shares, and the enlarged Class A class was then immediately reclassified as plain “ordinary shares.” Greenlight Capital Re, Ltd. has been listed on Nasdaq since its May 2007 initial public offering, having first raised capital through an August 2004 private placement of Class A and Class B ordinary shares.
For the year ended 31 December 2025, Greenlight Capital Re, Ltd. reported consolidated gross premiums written of 773.3 million US dollars (up 10.7% year over year), consolidated net income of 74.8 million US dollars (2.17 US dollars per diluted share), net investment income of 24.5 million US dollars (total investment result, including the DME-managed Solasglas portfolio, of 60.2 million US dollars), and fully diluted book value per share of 20.43 US dollars, up 13.8% from 17.95 US dollars at year-end 2024. The company reported approximately 77 employees worldwide as of mid-2025. Recent developments include Greg Richardson’s appointment as Chief Executive Officer effective 1 January 2024, a 23.6 million US dollar net underwriting loss from the January 2025 California wildfires, and, in July 2026, Lloyd’s “in-principle” approval for Syndicate 3456 to become a full syndicate from 1 January 2027.
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Shareholders
Greenlight Capital Re, Ltd.’s ordinary shares are widely held by index and small-cap institutional funds. Based on institutional 13F-HR holdings data verified 2 August 2026, disclosed holders include CWA Asset Management Group, LLC (977,105 shares, approximately 6.1%), American Century ETF Trust – Avantis U.S. Small Cap Value ETF (396,986 shares, approximately 2.6%), Fidelity Salem Street Trust – Fidelity Small Cap Index Fund (259,596 shares, approximately 1.7%), iShares Trust – iShares Russell 2000 Value ETF (242,508 shares, approximately 1.6%), and Dimensional ETF Trust – Dimensional U.S. Targeted Value ETF (208,246 shares, approximately 1.3%). No Schedule 13D or 13G filing was located on SEC EDGAR for CWA Asset Management Group specifically, so its stake above 5% is sourced to quarterly Form 13F-HR institutional-manager filings rather than a beneficial-ownership statement, and should be treated as indicative rather than a confirmed 13G disclosure.
Ultimate beneficial ownership
Per the company’s Schedule 13D/A (event date 4 August 2026), Chairman David Einhorn beneficially owns 6,148,655 ordinary shares (18.8% of the class), held through DME 2022 Holdings, LLC (4,864,227 shares, 14.9%) and The David M. Einhorn 2021-07 Family Trust (1,284,428 shares, 3.9%). The filing was triggered by an Ordinary Share Repurchase Agreement dated 4 August 2026 between the company and the Family Trust, under which shares are to be repurchased on 30 October 2026 to limit tax effects on other holders from the company’s Rule 10b5-1 buyback program. Full disclosure of beneficial ownership below the 5% reporting threshold is not publicly available.
Sources
- SEC EDGAR, Greenlight Capital Re, Ltd. Schedule 13D/A (event date 4 August 2026), filed August 2026, retrieved 9 September 2026: https://www.sec.gov/Archives/edgar/data/0001385613/000092963826002882/primary_doc.xml
- SEC EDGAR, CWA Asset Management Group, LLC Form 13F-HR, filed 14 July 2026, retrieved 9 September 2026: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001667134&type=13F
- Cayman Islands General Registry / registry-linked ownership tracking data, verified 2 August 2026, retrieved 9 September 2026
Officers
Greenlight Capital Re, Ltd.’s board is chaired by co-founder David Einhorn, who is also President of the affiliated investment manager DME Advisors. Chief Executive Officer is Greg Richardson, appointed effective 1 January 2024 (announced 7 November 2023), succeeding Simon Burton, who departed as CEO and director on 31 December 2023. Chief Financial Officer is Faramarz Romer, appointed effective 1 April 2023, succeeding Neil Greenspan. Other senior officers named in company disclosures include Thomas Curnock, Group Chief Underwriting Officer (formerly Chief Risk Officer) since October 2024, and Patrick O’Brien, Chief Operating Officer of the company since 2024 and Chief Executive Officer of Irish subsidiary Greenlight Reinsurance Ireland DAC since March 2017.
The Cayman Islands company register additionally lists locally-recorded officers, including a Head of Innovations and a Head of Innovation Underwriting, that reflect operating and underwriting roles rather than the full board or the named-executive-officer roster disclosed in SEC filings; the two sets should not be conflated.
Recent changes: Greg Richardson became CEO, 1 January 2024; Faramarz Romer became CFO, 1 April 2023; John Welch was appointed an independent director effective 1 September 2026. Full board composition and compensation detail are set out in the company’s annual proxy statement (Form DEF 14A); not every historical officer change is independently confirmed here.
Sources
- SEC EDGAR, Greenlight Capital Re, Ltd. Form 8-K, CEO announcement, filed 7 November 2023, retrieved 9 September 2026: https://www.sec.gov/Archives/edgar/data/1385613/000138561323000115/glre-ceopressrelease.htm
- SEC EDGAR, Greenlight Capital Re, Ltd. Form 8-K, CFO succession press release, filed 2023, retrieved 9 September 2026: https://www.sec.gov/Archives/edgar/data/1385613/000138561323000021/glre-cfosuccessionpressrel.htm
- GlobeNewswire, “Greenlight Capital Re, Ltd. Announces New Director Appointments,” 1 September 2026, retrieved 9 September 2026: https://www.globenewswire.com/news-release/2026/09/01/3354580/23254/en/greenlight-capital-re-ltd-announces-new-director-appointments.html
- SEC EDGAR, Greenlight Capital Re, Ltd. Q2 2025 Investor Presentation (Exhibit 99.1), retrieved 9 September 2026: https://www.sec.gov/Archives/edgar/data/1385613/000138561325000081/investorpresentation-q22.htm
Group Structure
Greenlight Capital Re, Ltd. is the Cayman Islands-incorporated parent of a reinsurance group; ownership percentages in its subsidiaries are not separately disclosed beyond “wholly-owned.” Per the company’s FY2025 Exhibit 21.1 subsidiary list (as of 31 December 2025), its main operating subsidiaries are Greenlight Reinsurance, Ltd. (Cayman Islands, the group’s original underwriting company and home office since 2004), Greenlight Reinsurance Ireland, Designated Activity Company (“GRIL,” Ireland), Greenlight Re Marketing (UK) Limited and Greenlight Re Corporate Member Ltd. (both United Kingdom, the latter the corporate member backing Lloyd’s Syndicate 3456), Viridis Re SPC, Ltd. (Cayman Islands, a segregated-portfolio captive platform for Innovations partners), Greenlight Re Ireland Services Limited (Ireland), and Verdant Holding Company, Ltd. (Delaware, United States).
Investment management, not ownership, links the group to its chairman: DME Advisors LP, an Einhorn-affiliated manager that is not itself an owner of Greenlight Capital Re, Ltd., manages Solasglas Investments, LP, in which Greenlight Re and GRIL are limited partners, under a 1.5% annual management fee plus a 20% performance allocation (subject to a loss-carryforward provision reducing it to 10% until prior losses, plus a 150% loss premium, are recouped); DME Advisors is reported to hold roughly 22% of Solasglas as general partner. Main jurisdictions: Cayman Islands, Ireland, United Kingdom, United States. Information as of 31 December 2025 / retrieved 9 September 2026. Country-level structural data beyond the SEC-filed subsidiary list is not independently available for this profile.
Recent structural changes: 25 July 2023, elimination of the dual-class ordinary share structure; 2023, Greenlight Re Corporate Member Ltd. (UK) added as a wholly-owned subsidiary backing Lloyd’s Syndicate 3456; 30 July 2026, Lloyd’s granted in-principle approval for Syndicate 3456 to become a full syndicate from 1 January 2027.
Verified relationships
- Greenlight Reinsurance, Ltd. – wholly-owned operating subsidiary, Cayman Islands
- Greenlight Reinsurance Ireland DAC (GRIL) – wholly-owned operating subsidiary, Ireland
- Greenlight Re Corporate Member Ltd. – wholly-owned subsidiary, United Kingdom, Lloyd’s Syndicate 3456 corporate member
- DME Advisors LP – investment manager under contract (not an owner), manages Solasglas Investments LP
- David Einhorn – Chairman of the Board; President of DME Advisors (affiliated party, non-ownership link to the company)
Sources
- SEC EDGAR, Greenlight Capital Re, Ltd. FY2025 Form 10-K, Exhibit 21.1 (Subsidiaries), filed 9 March 2026, retrieved 9 September 2026: https://www.sec.gov/Archives/edgar/data/1385613/000138561326000010/exhibit211subsidiaries2025.htm
- SEC EDGAR, Greenlight Capital Re, Ltd. Q2 2025 Investor Presentation (Exhibit 99.1), retrieved 9 September 2026: https://www.sec.gov/Archives/edgar/data/1385613/000138561325000081/investorpresentation-q22.htm
- SEC EDGAR, Greenlight Capital Re, Ltd. Form 8-K, 25 July 2023 annual general meeting voting results, retrieved 9 September 2026: https://www.sec.gov/Archives/edgar/data/1385613/000138561323000082/glre-20230725.htm
- GlobeNewswire, “Greenlight Innovation Syndicate 3456 Progresses to Full Lloyd’s Syndicate,” 30 July 2026, retrieved 9 September 2026: https://www.globenewswire.com/news-release/2026/07/30/3335798/23254/en/Greenlight-Innovation-Syndicate-3456-Progresses-to-Full-Lloyd-s-Syndicate.html
Greenlight Capital RE Ltd
Cayman Islands
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Frequently Asked Questions
What is the exact legal name of this company?
The company's exact legal name is Greenlight Capital Re, Ltd.
In which jurisdiction is Greenlight Capital Re, Ltd. registered?
It is an exempted company incorporated on 13 July 2004 under the laws of the Cayman Islands, on file with the Cayman Islands General Registry.
Does Greenlight Capital Re, Ltd. have a public company registration number?
No public company registration number is published for Cayman Islands exempted companies by the Cayman Islands General Registry, so none is listed on file.
What is the company's legal form?
Greenlight Capital Re, Ltd. is a Cayman Islands exempted company acting as the publicly listed holding company for a reinsurance group.
Is Greenlight Capital Re, Ltd. publicly listed?
Yes. Its ordinary shares trade on the Nasdaq Global Select Market under the ticker symbol GLRE, and it has been listed since its May 2007 initial public offering.
What is the company's principal activity?
It is a global specialty property and casualty reinsurer, underwriting through its Cayman Islands subsidiary Greenlight Reinsurance, Ltd., its Irish subsidiary Greenlight Reinsurance Ireland DAC, and a Lloyd's of London corporate member backing Syndicate 3456.
What makes Greenlight Capital Re, Ltd.'s investment approach distinctive?
A large share of its investment assets is managed under a long-value, research-driven strategy by DME Advisors, an investment manager affiliated with chairman David Einhorn, rather than held in a conventional fixed-income-heavy portfolio.
What is the relationship between Greenlight Capital Re, Ltd. and DME Advisors?
DME Advisors LP is an investment manager, not an owner of the company. It manages Solasglas Investments, LP, in which Greenlight Re and its Irish subsidiary GRIL are limited partners, for a 1.5% annual management fee plus a 20% performance allocation subject to a loss-carryforward provision.
What were Greenlight Capital Re, Ltd.'s gross premiums written in the latest reported year?
For the year ended 31 December 2025, consolidated gross premiums written were 773.3 million US dollars, up 10.7% from 2024.
What was Greenlight Capital Re, Ltd.'s net income for FY2025?
Consolidated net income for the year ended 31 December 2025 was 74.8 million US dollars, or 2.17 US dollars per diluted share.
What was the company's book value per share at year-end 2025?
Fully diluted book value per share was 20.43 US dollars at 31 December 2025, up 13.8% from 17.95 US dollars at 31 December 2024.
How many employees does Greenlight Capital Re, Ltd. have?
The company reported approximately 77 employees worldwide as of its mid-2025 investor presentation.
Who chairs and who leads Greenlight Capital Re, Ltd.?
David Einhorn is Chairman of the Board; Greg Richardson has served as Chief Executive Officer since 1 January 2024.
What major corporate change took place in 2023?
At its 25 July 2023 annual general meeting, shareholders eliminated the company's dual-class share structure, re-designating Class B ordinary shares as Class A and then reclassifying the enlarged Class A class simply as ordinary shares.
Is Greenlight Capital RE Ltd still an active company?
Greenlight Capital RE Ltd's status on Company Data Enrichment is listed as active.
What is Greenlight Capital RE Ltd's registered address?
The registered address on file for Greenlight Capital RE Ltd is Cayman Islands.
Can Zavia monitor changes to Greenlight Capital RE Ltd's ownership over time?
This profile reflects a point-in-time snapshot from Company Data Enrichment. Zavia's monitoring API can track changes to Greenlight Capital RE Ltd's registered shareholders, officers, and group structure going forward, flagging updates as they're filed rather than requiring a manual recheck.
Can I access Greenlight Capital RE Ltd's data through an API?
Yes. Zavia's API connects directly to official government ownership registries across 195 countries and territories, including Cayman Islands, so records like Greenlight Capital RE Ltd's registration, shareholder, UBO, and group-structure data can be queried programmatically instead of viewed one page at a time.
Where does this company information come from, and how current is it?
This record is sourced directly from Company Data Enrichment and was last synced on 11 August 2026.