Greenlight Capital Re to Release Fourth Quarter and Year End 2012 Results

Greenlight Capital Re to Release Fourth Quarter and Year End 2012 Results

GRAND CAYMAN, Cayman Islands, Feb. 12, 2013 (GLOBE NEWSWIRE) -- Greenlight
Capital Re, Ltd. (Nasdaq:GLRE), a specialist property and casualty reinsurer
based in the Cayman Islands, today announced that it expects to release
financial results for the fourth quarter and year ended December 31, 2012
after the market closes on Tuesday, February 19, 2013. A live conference call
to discuss the financial results will be held on Wednesday, February 20, 2013
at 9:00 a.m. Eastern time.

Conference Call Details

To participate in the Greenlight Capital Re, Ltd. Fourth Quarter and Year End
2012 Earnings Call, please dial in to the conference call at:

U.S. toll free 1-877-317-6789
International   1-412-317-6789

The conference call can also be accessed via webcast at:

http://services.choruscall.com/links/glre130220.html

A telephone replay of the call will be available from 12:00 p.m. Eastern time
on February 20, 2013 until 9:00 a.m. Eastern time on March 4, 2013. The
replay of the call may be accessed by dialing 1-877-344-7529 (U.S. toll free)
or 1-412-317-0088 (international), access code 10021930. An audio file of the
call will also be available on the Company's website, www.greenlightre.ky.

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 NASDAQ listed company with specialist
property and casualty reinsurance companies based in the Cayman Islands and
Ireland. Greenlight Re 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.

The Greenlight Capital Re logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=15397

CONTACT: Garrett Edson
         ICR
         (203) 682-8331
         IR@greenlightre.ky
        
         Media:
         Brian Ruby
         ICR
         (203) 682-8268
         Brian.ruby@icrinc.com

Greenlight Capital Re Logo