GREENLIGHT CAPITAL RE, LTD. (NASDAQ:GLRE) Files An 8-K Completion of Acquisition or Disposition of Assets
Item 2.01 Completion of Acquisition or Disposition of Assets.
As previously disclosed in Item 1.01 on a Current Report on Form 8-K filed by Greenlight Capital Re, Ltd. (the “Registrant”) on September 4, 2018 with the U.S. Securities and Exchange Commission (the “SEC”), Greenlight Reinsurance, Ltd. (“Greenlight Re”) and Greenlight Reinsurance Ireland, Designated Activity Company (“GRIL”) entered into the Amended and Restated Exempted Limited Partnership Agreement (the “Limited Partnership Agreement”) of Solasglas Investments, LP (the “Partnership”) by and among the Registrant, Greenlight Re, GRIL, DME Advisors II, LLC and the initial limited partner. As of January 2, 2019, Greenlight Re and GRIL each substantially completed the grant and conveyance of the assets underlying the Participation Interests to the Partnership. As contemplated by the Termination Agreement, the JV Agreement was terminated on January 2, 2019.
The information set forth in Item 1.01 of the Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission on September 4, 2018 is incorporated by reference into this Item 2.01.
About GREENLIGHT CAPITAL RE, LTD. (NASDAQ:GLRE)
Greenlight Capital Re, Ltd. is a property and casualty reinsurance holding company. The Company operates through property and casualty reinsurance segment. Its underwriting operations are classified into two categories: frequency business, which is characterized as contracts containing a number of small losses emanating from multiple events, and severity business, which is characterized as contracts with the potential for losses emanating from one event or multiple events. The Company’s property line of insurance provides protection for aviation, commercial, energy, motor physical damage and personal. It offers casualty insurance products for general, marine, motor and professional liabilities. The Company’s specialty insurance products are offered for financial, health and worker’s compensation. Its subsidiaries include Greenlight Reinsurance, Ltd, (Greenlight Re), Greenlight Reinsurance Ireland, Ltd. (GRIL) and Verdant Holding Company, Ltd. (Verdant).