GREENLIGHT CAPITAL RE, LTD. (NASDAQ:GLRE) Files An 8-K Results of Operations and Financial ConditionItem 2.02 Results of Operations and Financial Condition
On July31, 2017, Greenlight Capital Re, Ltd. (the "Registrant") issued a press release announcing its financial results for the second quarter and six months June 30, 2017. A copy of the press release is attached hereto as Exhibit 99.1 to this Form 8-K and incorporated herein by reference.
In accordance with general instruction B.2 to Form 8-K, the information set forth in this Item 2.02 (including Exhibit 99.1) shall be deemed “furnished” and not “filed” with the Securities and Exchange Commission for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended, (the "Exchange Act"), or otherwise subject to the liabilities of that section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
Item 5.02.Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Appointment of Director
Effective July 25, 2017, the board of directors of the Registrant and Greenlight Reinsurance, Ltd (“Greenlight Re”) has appointed Hope Schefler Taitz as an independent director of the Registrant and Greenlight Re. Ms. Taitz is a senior finance executive with an extensive financial background leading teams and making investments in a wide range of industries. She has a broad experience in both public and private companies, along with in-depth experience in technology, digital and social media and engaging with the millennial generation.
Ms. Taitz, age 53, is currently the CEO of ELY Capital. Previously, she served as Managing Partner of Catalyst Partners, a long-short hedge fund. Prior to Catalyst Partners, Ms. Taitz was portfolio manager at Crystal Asset Management, where she managed a $1 billion high-yield portfolio. Ms. Taitz has also previously held positions at The Argosy Group (now part of CIBC) and Drexel Burnham Lambert. She currently sits on the boards of Athene Holding Ltd., MidCap FinCo and Summit Hotel Properties, Inc. She received her B.A. in economics with honors and a concentration in marketing from the University of Pennsylvania.
Effective as of July 25, 2017, Ms. Taitz was also appointed as a member of the Nominating and Corporate Governance Committee of the Boards of the Registrant and Greenlight Re.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
GREENLIGHT CAPITAL RE, LTD. ExhibitEX-99.1 2 quarterlypressreleaseq22017.htm EXHIBIT 99.1 – PRESS RELEASE Exhibit GREENLIGHT RE ANNOUNCES SECOND QUARTER 2017 FINANCIAL RESULTS Appoints Hope Taitz to its Board of DirectorsGRAND CAYMAN,…To view the full exhibit click here
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).