SCHEDULE 14A INFORMATION




Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934




Filed by the Registrant    [X]



Filed by a Party other than the Registrant    [ ]



Check the appropriate box:    [ ]







[ ] 
Preliminary Proxy Statement








[ ] 
Confidential, For Use of Commission Only (as permitted by Rule 14a-6(e)(2))








[ ] 
Definitive Proxy Statement








[X] 
Definitive Additional Materials








[ ] 
Soliciting Material Pursuant to 240, 14a-11(c) or 240, 14a-12




GREENLIGHT CAPITAL RE, LTD.




(Name of Registrant as Specified in its Charter)




Payment of Filing Fee: (Check the appropriate box)








[X] 
No fee required.








[ ] 
Fee computed on table below per Exchange Act Rules 14a-6(i)(4) and 0-11.










(1) 
Title of each class of securities to which transaction applies:










(2) 
Aggregate number of securities to which transaction applies:










(3) 
Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11:










(4) 
Proposed maximum aggregate value of transaction:










(5) 
Total fee paid:








[ ] 
Fee paid previously with preliminary materials.








[ ] 
Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the form or schedule and the date of its filing.










(1) 
Amount Previously Paid:










(2) 
Form, Schedule or Registration Statement No.:










(3) 
Filing Party:










(4) 
Date Filed:





































Greenlight Capital Re, Ltd.


The Grand Pavilion, 802 West Bay Road


P.O. Box 31110


Grand Cayman, KY1-1205


Cayman Islands




NOTICE OF A POSTPONEMENT OF


ANNUAL GENERAL MEETING OF SHAREHOLDERS


















NOTICE is hereby given that the annual general meeting of shareholders of Greenlight Capital Re, Ltd., or the Company, called for May 2, 2008, has been postponed.




The postponement is due to the fact that notice of the meeting as required by the Company’s amended and restated memorandum and articles of association was not properly provided, which resulted from a failure by the transfer agent engaged by the Company to deliver the Company’s proxy statement to a substantial number of the Company’s shareholders.




The Company desires that every shareholder have ample time to exercise the right to vote at the annual general meeting of shareholders, and since this appears not to be possible, we have decided to postpone the annual general meeting. We regret any inconvenience this may cause.




We presently plan to hold an annual general meeting of the shareholders of the Company on July 10, 2008. The Company has elected June 2, 2008 as the new record date for shareholders entitled to receive notice of, and to vote at, the annual general meeting. Shareholders will receive soon after the record date a new notice of annual general meeting and proxy statement as well as a copy of the Company’s annual report on Form 10-K.
















May 1, 2008


By Order of the Board of Directors


 


Leonard Goldberg


Chief Executive Officer