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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 S+Af8kpgZf57hGHKKxQqIEsBG58kLsDbRK9nymtxztylebzLQb54iexsWSgddRwl
 3xeIfh98ascCRs9FeJQpmA==

<SEC-DOCUMENT>0001005477-07-003481.txt : 20070611
<SEC-HEADER>0001005477-07-003481.hdr.sgml : 20070611
<ACCEPTANCE-DATETIME>20070611163021
ACCESSION NUMBER:		0001005477-07-003481
CONFORMED SUBMISSION TYPE:	3/A
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20070523
FILED AS OF DATE:		20070611
DATE AS OF CHANGE:		20070611

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Greenlight Capital Re, Ltd.
		CENTRAL INDEX KEY:			0001385613
		STANDARD INDUSTRIAL CLASSIFICATION:	FIRE, MARINE & CASUALTY INSURANCE [6331]
		IRS NUMBER:				000000000

	BUSINESS ADDRESS:	
		STREET 1:		PO BOX 31110
		STREET 2:		802 WEST BAY ROAD
		CITY:			GRAND CAYMAN
		STATE:			E9
		ZIP:			KY1-1205
		BUSINESS PHONE:		345 745 4573

	MAIL ADDRESS:	
		STREET 1:		PO BOX 31110
		STREET 2:		802 WEST BAY ROAD
		CITY:			GRAND CAYMAN
		STATE:			E9
		ZIP:			KY1-1205

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			David M Einhorn 2007 GRAT
		CENTRAL INDEX KEY:			0001401617
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		3/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-33493
		FILM NUMBER:		07912722

	BUSINESS ADDRESS:	
		STREET 1:		140 EAST 45TH ST.
		STREET 2:		FLOOR 24
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017
		BUSINESS PHONE:		(212) 973-1900

	MAIL ADDRESS:	
		STREET 1:		140 EAST 45TH ST.
		STREET 2:		FLOOR 24
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			EINHORN DAVID
		CENTRAL INDEX KEY:			0001240451

	FILING VALUES:
		FORM TYPE:		3/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-33493
		FILM NUMBER:		07912723

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		2129731900

	MAIL ADDRESS:	
		STREET 1:		420 LEXINGTON AVE
		STREET 2:		SUITE 1740
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10170
</SEC-HEADER>
<DOCUMENT>
<TYPE>3/A
<SEQUENCE>1
<FILENAME>edgar123.xml
<DESCRIPTION>AMENDMENT TO FORM 3
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>3/A</documentType>

    <periodOfReport>2007-05-23</periodOfReport>

    <dateOfOriginalSubmission>2007-05-24</dateOfOriginalSubmission>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0001385613</issuerCik>
        <issuerName>Greenlight Capital Re, Ltd.</issuerName>
        <issuerTradingSymbol>GLRE</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001240451</rptOwnerCik>
            <rptOwnerName>EINHORN DAVID</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O GREENLIGHT CAPITAL RE, LTD.</rptOwnerStreet1>
            <rptOwnerStreet2>802 WEST BAY ROAD, P.O. BOX 31110</rptOwnerStreet2>
            <rptOwnerCity>GRAND CAYMAN</rptOwnerCity>
            <rptOwnerState>E9</rptOwnerState>
            <rptOwnerZipCode>KY1-1205</rptOwnerZipCode>
            <rptOwnerStateDescription>CAYMAN ISLANDS</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001401617</rptOwnerCik>
            <rptOwnerName>David M Einhorn 2007 GRAT</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>140 EAST 45TH STREET, 24TH FLOOR</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10017</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>1</isOther>
            <otherText>See Footnote (2)</otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Class B Ordinary Shares</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>3623370</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                    <footnoteId id="F1"/>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">These shares are held for the account of the David M. Einhorn 2007 GRAT.</footnote>
    </footnotes>

    <remarks>(2) This Form 3 is being amended to reflect the David M. Einhorn 2007 GRAT as a reporting owner.
Exhibit List
Exhibit 24.1 - Confirming Statement
Exhibit 99.1 - Joint Filer Information and Signature</remarks>

    <ownerSignature>
        <signatureName>/s/ Sherry Diaz, by Power of Attorney</signatureName>
        <signatureDate>2007-06-08</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>ex99-1.txt
<DESCRIPTION>JOINT FILER INFORMATION AND SIGNATURES
<TEXT>


                            JOINT FILING INFORMATION



Reporting Person:     David M. Einhorn 2007 GRAT

Relationship of Reporting Person to Issuer: 10% Owner

Address:              140 East 45th Street
                      24th Floor
                      NEW YORK, NY 10017

Designated Filer:     David Einhorn (Trustee of David M. Einhorn 2007 GRAT)

Issuer and Symbol:    Greenlight Capital Re, Ltd. (GLRE)

Date of Event
Requiring Statement:  05/23/2007


Signature:            /s/ Sherry Diaz
                      --------------------------------------------------------
                      by Sherry Diaz, by Power of Attorney for David Einhorn,
                      trustee of the David M. Einhorn 2007 GRAT


</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-24
<SEQUENCE>3
<FILENAME>ex24-1.txt
<DESCRIPTION>CONFIRMING STATEMENT
<TEXT>
                                                                    Exhibit 24.1

                              CONFIRMING STATEMENT

     This Statement confirms that the undersigned, David Einhorn, as trustee on
behalf of the David M. Einhorn 2007 GRAT, has authorized and designated Sherry
Diaz to execute and file on the David M. Einhorn 2007 GRAT's behalf all Forms 3,
4, and 5 (including any amendments thereto) that the David M. Einhorn 2007
GRAT's may be required to file with the U.S. Securities and Exchange Commission
as a result of the David M. Einhorn 2007 GRAT's ownership of or transactions in
securities of Greenlight Capital Re, Ltd. The authority of Sherry Diaz under
this Statement shall continue until the undersigned is no longer required to
file Forms 3, 4, and 5 with regard to its ownership of or transactions in
securities of Greenlight Capital Re, Ltd., unless earlier revoked in writing.
The undersigned acknowledges that Sherry Diaz is not assuming any of the
undersigned's responsibilities to comply with Section 16 of the Securities
Exchange Act of 1934.



Date: May 25, 2007               /s/ David Einhorn
                                 ------------------
                                     David Einhorn, trustee of the David M.
                                     Einhorn 2007 GRAT
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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