Greenlight Capital Re 06.06.2012 10:00
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Will Lead Expansion of Irish Office DUBLIN, Ireland, 2012-06-06 10:00 CEST (GLOBE NEWSWIRE) -- Greenlight Reinsurance Ireland, Ltd., a subsidiary of Greenlight Capital Re, Ltd. (Nasdaq:GLRE), a specialist property and casualty reinsurer, today announced that Caryl J. Traynor officially joined the company on June 1, 2012, serving in the role of General Manager and operating from the Company's Dublin office. He is responsible for recruiting experienced staff and building the business in the United Kingdom and Europe. 'We see opportunity in the European market right now, and are pleased to have Caryl aboard to oversee the expansion of our capabilities,' said Bart Hedges, Chief Executive Officer of Greenlight Capital Re, which is based in the Cayman Islands. 'An immediate focus will be to identify and recruit qualified staff to build our team and better position us to serve the needs of clients as we pursue opportunities in the reinsurance marketplace.' 'Our primary focus is developing long-term reinsurance relationships with partners in the UK and Europe,' Mr. Traynor stated. 'We see many avenues for growth in Europe created by changing market conditions, Solvency II and other imposed capital constraints. We believe Greenlight Re Ireland is well positioned to capitalize on these opportunities.' Mr. Traynor joined Greenlight Re Ireland from the Canopius Group, where he served as Chief Executive Officer of Canopius Ireland Limited for the past four years. In his previous role, he was responsible for establishing an office in Ireland and creating a market profile and presence in a market segment where the company had not previously participated. Prior to that, Mr. Traynor was a Director at GE Insurance Solutions/Swiss Re, where he underwrote reinsurance business in the London, Europe, U.S. and Bermuda markets. Forward-Looking Statements This news release contains forward-looking statements within the meaning of the U.S. federal securities laws. We intend these forward-looking statements to be covered by the safe harbor provisions for forward-looking statements in the U.S. Federal securities laws. These statements involve risks and uncertainties that could cause actual results to differ materially from those contained in forward-looking statements made on behalf of the Company. These risks and uncertainties include the impact of general economic conditions and conditions affecting the insurance and reinsurance industry, the adequacy of our reserves, our ability to assess underwriting risk, trends in rates for property and casualty insurance and reinsurance, competition, investment market fluctuations, trends in insured and paid losses, catastrophes, regulatory and legal uncertainties and other factors described in our annual report on Form 10-K filed with the Securities Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. About Greenlight Capital Re, Ltd. Greenlight Re (www.greenlightre.ky) is a specialist property and casualty reinsurance company based in the Cayman Islands and Ireland. The Company employs a client-centric approach to underwriting to develop long term reinsurance relationships. Established in 2004, Greenlight Re's assets are managed according to a value-oriented equity-focused strategy that complements the Company's business goal of long-term growth in book value per share. The Greenlight Capital Re logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5571 CONTACT: Alex Stanton Stanton Public Relations & Marketing (212) 780-0701 astanton@stantonprm.com News Source: NASDAQ OMX 06.06.2012 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English Company: Greenlight Capital Re Cayman Islands Phone: Fax: E-mail: Internet: ISIN: KYG4095J1094 WKN: End of Announcement DGAP News-Service
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Will Lead Expansion of Irish Office DUBLIN, Ireland, 2012-06-06 10:00 CEST (GLOBE NEWSWIRE) -- Greenlight Reinsurance Ireland, Ltd., a subsidiary of Greenlight Capital Re, Ltd. (Nasdaq:GLRE), a specialist property and casualty reinsurer, today announced that Caryl J. Traynor officially joined the company on June 1, 2012, serving in the role of General Manager and operating from the Company's Dublin office. He is responsible for recruiting experienced staff and building the business in the United Kingdom and Europe. 'We see opportunity in the European market right now, and are pleased to have Caryl aboard to oversee the expansion of our capabilities,' said Bart Hedges, Chief Executive Officer of Greenlight Capital Re, which is based in the Cayman Islands. 'An immediate focus will be to identify and recruit qualified staff to build our team and better position us to serve the needs of clients as we pursue opportunities in the reinsurance marketplace.' 'Our primary focus is developing long-term reinsurance relationships with partners in the UK and Europe,' Mr. Traynor stated. 'We see many avenues for growth in Europe created by changing market conditions, Solvency II and other imposed capital constraints. We believe Greenlight Re Ireland is well positioned to capitalize on these opportunities.' Mr. Traynor joined Greenlight Re Ireland from the Canopius Group, where he served as Chief Executive Officer of Canopius Ireland Limited for the past four years. In his previous role, he was responsible for establishing an office in Ireland and creating a market profile and presence in a market segment where the company had not previously participated. Prior to that, Mr. Traynor was a Director at GE Insurance Solutions/Swiss Re, where he underwrote reinsurance business in the London, Europe, U.S. and Bermuda markets. Forward-Looking Statements This news release contains forward-looking statements within the meaning of the U.S. federal securities laws. We intend these forward-looking statements to be covered by the safe harbor provisions for forward-looking statements in the U.S. Federal securities laws. These statements involve risks and uncertainties that could cause actual results to differ materially from those contained in forward-looking statements made on behalf of the Company. These risks and uncertainties include the impact of general economic conditions and conditions affecting the insurance and reinsurance industry, the adequacy of our reserves, our ability to assess underwriting risk, trends in rates for property and casualty insurance and reinsurance, competition, investment market fluctuations, trends in insured and paid losses, catastrophes, regulatory and legal uncertainties and other factors described in our annual report on Form 10-K filed with the Securities Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. About Greenlight Capital Re, Ltd. Greenlight Re (www.greenlightre.ky) is a specialist property and casualty reinsurance company based in the Cayman Islands and Ireland. The Company employs a client-centric approach to underwriting to develop long term reinsurance relationships. Established in 2004, Greenlight Re's assets are managed according to a value-oriented equity-focused strategy that complements the Company's business goal of long-term growth in book value per share. The Greenlight Capital Re logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5571 CONTACT: Alex Stanton Stanton Public Relations & Marketing (212) 780-0701 astanton@stantonprm.com News Source: NASDAQ OMX 06.06.2012 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English Company: Greenlight Capital Re Cayman Islands Phone: Fax: E-mail: Internet: ISIN: KYG4095J1094 WKN: End of Announcement DGAP News-Service
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