On December 3, 2018, Greenlight Capital Re, Ltd. (the Registrant) and Greenlight Reinsurance, Ltd. ("Greenlight Re" and together with the Registrant, the Employer") and Neil Greenspan entered into an employment agreement (the Employment Agreement), pursuant to which Mr. Greenspan will become the Chief Accounting Officer of the Employer effective as of December 31, 2018 (the Effective Date"), subject to the Employer obtaining a work permit and regulatory approval in the Cayman Islands. From November 2017 until joining the Company, Mr. Greenspan was the Senior Vice President, Financial Reporting of Validus Group.