GREENLIGHT CAPITAL RE, LTD.
Close on Oct 19, 2026
- Market cap
- $493.32M
- P/E (TTM)
- 10.2
- Dividend yield
- –
About Greenlight Capital Re
Fire, Marine & Casualty Insurance, SIC 6331
Greenlight Capital Re, Ltd. operates as a specialty property and casualty reinsurer providing risk management solutions. The company operates through two primary segments: Open Market and Innovations. Its Open Market business delivers proportional and non-proportional treaty reinsurance across casualty, financial, health, multiline, property, and specialty lines. Through its Innovations segment, the organization provides insurance and reinsurance capacity alongside seed capital investments to early-stage technology companies and managing general agents. Its clients consist of primary insurance companies, managing general agents, and insurtech startup partners, typically sourced through global reinsurance brokers or strategic relationships.
The company maintains its corporate headquarters in the Cayman Islands. Its underwriting and marketing operations function from three primary locations: Grand Cayman in the Cayman Islands, Dublin in Ireland, and London in the United Kingdom. Through these platforms and its Syndicate 3456 at Lloyd's, the firm accesses insurance markets and clients across the United States, Europe, the Middle East, and Asia.
Summary of the business section of Greenlight Capital Re's latest annual report, written by StockData.
Company profile
Company
- Legal name
- GREENLIGHT CAPITAL RE, LTD.
- Founded
- 2004
- Headquarters
- Grand Cayman, Cayman Islands
- Address
- 65 Market Street, Suite 1207,, Camana Bay, P.O. Box 31110 KY1-1205
- Phone
- (345) 943-4573
- Website
- greenlightre.com
- Employees
- 84, Dec 31, 2025
- Industry
- Fire, Marine & Casualty Insurance
- Fiscal year ends
- December 31
- Auditor
- Deloitte Ltd., Hamilton, Bermuda
Stock & identifiers
- Ticker
- GLRE
- Exchange
- Nasdaq
- IPO date
- May 24, 2007
- Shares outstanding
- 33M, Aug 3, 2026
- Public float
- $376.00M, Jun 30, 2025
- Filer category
- Accelerated filer
- SEC CIK
- 1385613
- CUSIP
- G4095J109
- ISIN
- USG4095J1090
- EIN
- 00-0000000
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Greg Richardson | Chief Executive Officer, Director | 106,508 |
| Sherry Diaz | Controller | 180,207 |
| Patrick O'Brien | Chief Operating Officer | 351,903 |
| David Sigmon | General Counsel | 58,240 |
| Faramarz Romer | Chief Financial Officer | 314,461 |
| Brian Joseph OReilly | Head of Innovations | 212,494 |
| Richard Paul Strommer | Chief Actuary | 139,329 |
| Steven Archambault | Chief Accounting Officer | 16,158 |
| Thomas James Curnock | Grp Chief Underwriting Officer | 379,225 |
| Ian Isaacs | Director | 220,260 |
| John Welch | Director | 0 |
| Leonard R. Goldberg | Director | 526,291 |
| Ursuline F. Foley | Director | 85,411 |
| Bryan Murphy | Director | 313,351 |
| Victoria W. Guest | Director | 80,411 |
| Johnny Ferrari | Director | 80,411 |
| Joseph P. Platt JR | Director | 376,449 |
| Ariel Warszawski | Director | 14,386 |
| David Einhorn | Director | 11,012,882 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 Greg Richardson | $3.31M | $2.83M | $1.30M | $199 | $234 |
| FY2024 Greg Richardson | $2.32M | $2.91M | $931.18K | $192 | $213 |
| FY2023 Greg Richardson | $5.91M | $7.29M | $993.26K | $156 | $157 |
| FY2022 Greg Richardson | $2.74M | $3.05M | $841.74K | $111 | $142 |
| FY2021 Greg Richardson | $3.11M | $2.97M | $1.17M | $107 | $119 |
| FY2020 Greg Richardson | $1.93M | $1.75M | $898.01K | $72 | $107 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Employees
Headcount reported in annual reports
“At December 31, 2025, we had 84 total employees worldwide, including internship and part-time employees, 41 of whom were based in Grand Cayman, Cayman Islands, 25 in Dublin, Ireland, and 18 in London, United Kingdom.”
Corporate history
Events identified from SEC filings
| Date | Event | Details |
|---|---|---|
| Oct 6, 2021 | Auditor change | Change in certifying accountant (8-K Item 4.01) |
| Jan 2, 2019 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| May 24, 2007 | IPO | Initial public offering priced (424B4 prospectus) |
| May 22, 2007 | Listing | Registration of securities on an exchange (Form 8-A) |