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2016-09-08

Greenlight Capital Re: Greenlight Re Ireland joins forces with Kattan Associates

DUBLIN, Ireland, Sept. 08, 2016 (GLOBE NEWSWIRE) -- Greenlight Reinsurance
Ireland, dac, a subsidiary of Greenlight Capital Re, Ltd. (NASDAQ:GLRE), a
specialist property and casualty reinsurer, today announced that it has
entered into an agreement with Kattan Associates Limited, with immediate
effect. Under the terms of the agreement, Kattan Associates will develop
business opportunities in the European and Asian markets, on behalf of
Greenlight Re and its subsidiary companies.

"This is an important step for Greenlight Re Ireland as we continue to expand
our global footprint and further diversify our underwriting portfolio," said
Brendan Barry, Chief Underwriting Officer of Greenlight Re. "We believe that
the extensive experience and relationships that Kattan Associates brings to
the insurance industry will provide an excellent network for Greenlight Re to
access attractive business."

Habib Kattan is the owner director of Kattan Associates Limited and is an
industry veteran with a career spanning forty years, spent in a variety of
senior roles in insurance broking and underwriting.

"I am delighted that Greenlight Re has become a client of Kattan Associates
and I look forward to generating profitable underwriting opportunities to
expand its client base and underwriting portfolio in Europe and Asia," stated
Mr. Kattan. "Our relationship combines the skilled underwriting and
execution of Greenlight Re with the deep client knowledge and relationships
of Kattan Associates."

Prior to forming Kattan Associates Limited, Mr. Kattan was the Group Head of
Ceded Reinsurance and Credit Control at Tokio Marine Kiln, a leading London
market insurance and reinsurance company.

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
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.

Contact:
Garrett Edson
ICR
+1 203 682-8331
IR@greenlightre.ky

Habib Kattan
Kattan Associates Limited
+44-7502-548-478
habib@kattanassociatesltd.com

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This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Greenlight Capital Re via Globenewswire

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