Greenlight Capital Re, (News) Ltd. (NASDAQ: GLRE), a specialty property and casualty reinsurer based in the Cayman Islands, will hold its first investor meeting on Tuesday, June 3, 2008 in New York City. The event will take place at the Scandinavia House located at 58 Park Avenue beginning at 4 p.m. ET.

Presentations will be given by Chief Executive Officer Len Goldberg, Chairman David Einhorn, and members of the executive management team. John Andre, Group Vice President, Property and Casualty Ratings at A.M. Best, will also be on hand to provide his views of the insurance marketplace. The meeting will include a question and answer session with a cocktail reception to follow.

”Coming up on our one year mark as a public company, we look forward to our first investor meeting and to updating current and prospective investors on our business progress and financial performance,“� said Goldberg.

Due to space limitations, registration is required to attend the event. To register online, go to www.greenlightre.ky or send a request to events@greenlightre.ky to receive a registration form. Registration requests will be processed in the order in which they are received.

Presentation slides will be posted on the day of the event in the news section of the company's Web site.

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 an AM Best "A-" (Excellent) rated specialty property and casualty reinsurance company based in the Cayman Islands. 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.