Greenlight Re Ireland joins forces with Kattan Associates
(Thomson Reuters ONE) -
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(at)greenlightre.ky
Habib Kattan
Kattan Associates Limited
+44-7502-548-478
habib(at)kattanassociatesltd.com
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
Datum: 08.09.2016 - 19:00 Uhr
Sprache: Deutsch
News-ID 493668
Anzahl Zeichen: 4582
contact information:
Kategorie:
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"Greenlight Re Ireland joins forces with Kattan Associates"
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