Greenlight Capital Re, Ltd. Announces Addition to Underwriting Team

Greenlight Capital Re 

13.01.2011 23:24
---------------------------------------------------------------------------

Ehman Brings Added Experience and Depth to Team

GRAND CAYMAN, Cayman Islands, 2011-01-13 23:24 CET (GLOBE NEWSWIRE)
--Greenlight Capital Re, Ltd. (Nasdaq:GLRE), a multi-line broker market
property
and casualty reinsurance company with a partnership approach to underwriting,
today announced the appointment of Jim Ehman as Vice President and Senior
Underwriter. Greenlight Re said the appointment of Ehman will further enhance
the company's client service delivery and underwriting capabilities. 

Ehman joins Greenlight Re from Swiss Re America where for the past three years
he was head of Structured ReInsurance Solutions (SRIS) for broker produced
business. As a member of the Swiss Re Underwriters' senior management team,
Ehman was responsible for the development of the SRIS unit, including business
and product strategic planning and marketing, as well as structuring,
underwriting and negotiating key transactions, and project management among
collaborative deal teams. Previously Ehman was a Senior Vice President for SRIS
products in the Americas sold through Swiss Re's broker distribution channel
with responsibility for structuring, underwriting, negotiating and marketing of
reinsurance solutions to reinsurance brokers for insurance and reinsurance
clients. Ehman's past experience includes serving as Vice President and Chief
Financial Officer of Underwriters Reinsurance Company in Barbados, Senior
Manager in charge of audit, accounting and tax with Deloitte & Touche in
Barbados, and positions with Coopers & Lybrand in Antigua and Canada. 

'We are delighted to welcome Jim to our team,' said Bart Hedges, President and
Chief Underwriting Officer of Greenlight Re.  'He is recognized in the market
for his skills as an underwriter and leader, qualities that will complement our
existing team. We also value his proven ability to focus on the needs of
clients and deliver real solutions.' 

'I am excited to join a dynamic team of experienced professionals who are
focused on creating long-term partnerships and delivering industry leading
client service,' Ehman said. 

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 specialty property and casualty
reinsurance company based in the Cayman Islands with offices in George Town,
Grand Cayman and Dublin, Ireland. The Company provides a variety of
custom-tailored reinsurance solutions to the insurance, risk retention group,
captive and financial marketplaces. Established in 2004, Greenlight Re
selectively offers customized reinsurance solutions in markets where capacity
and alternatives are limited. With a focus on deriving superior returns from
both sides of the balance sheet, 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 


         Alex Stanton
         Stanton Public Relations and Marketing
         (212) 780-0701
         astanton@stantonprm.com
News Source: NASDAQ OMX



13.01.2011 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

---------------------------------------------------------------------------
 
Language:     English
Company:      Greenlight Capital Re
              
               
              Cayman Islands
Phone:        
Fax:          
E-mail:       
Internet:     
ISIN:         KYG4095J1094
WKN:          
 
End of Announcement                             DGAP News-Service
 
---------------------------------------------------------------------------