Hedges to succeed Goldberg as CEO of Greenlight Capital Re

Len Goldberg, Chief Executive Officer of Greenlight Capital Re, Ltd. will retire on August 15, 2011. Bart Hedges, current President and Chief Underwriting Officer of Greenlight Re, will succeed Goldberg upon his retirement.

"I am proud to have been involved with Greenlight Re from start-up through its evolution to the Company it is today, and now I have made a personal decision to return to the U.S. to spend more time with my family," said Goldberg. "I intend to continue to have a significant interest in Greenlight Re, and I am committed to a seamless transition and to supporting the Company's growth as a continuing Board member."

"We are very grateful to Len for his outstanding contributions in driving Greenlight Re's development to date," said David Einhorn, Chairman of the Board of Directors of Greenlight Re. "We understand his decision and are pleased that he will remain an important contributor to the Company's success as an active member of the Board."

Goldberg served as Chief Executive Officer and a Director since August 2005. Hedges joined Greenlight Re in January 2006 as President and Chief Underwriting Officer and has 25 years experience in the property and casualty insurance and reinsurance industry.