Global Indemnity Group Llc
Global Indemnity, one of the leading specialty property and casualty insurers
in the industry, provides its insurance products across a distribution network
that includes binding authority, program, brokerage, and reinsurance. Starting
in the 1st quarter of 2015, the Company manages the distribution of these products
through three reportable business segments: Commercial Lines, managed in Bala
Cynwyd, PA, offers specialty property and casualty products designed for product
lines such as Small Business Binding Authority, Property Brokerage, and Programs;
Personal Lines, managed in Scottsdale, AZ, offers specialty personal lines and
agricultural coverage; and Reinsurance Operations, managed in Bermuda, provides
reinsurance solutions through brokers and primary writers including insurance
and reinsurance companies. The Commercial Lines and Personal Lines segments comprise
the Company’s U.S. Insurance Operations (“Insurance Operations”).
Prior to 2015, the Commercial Lines segment was known as Insurance Operations
segment. With the acquisition of American Reliable, the Insurance Operations
segment was renamed to Commercial Lines segment. The newly acquired American
Reliable became the Company’s Personal Lines segment. For segment reporting,
the values for 2013 and 2014 did not change for Commercial Lines and Reinsurance
Operations.
Global Indemnity plc was incorporated on March 9, 2010 and is domiciled in
Ireland as a public limited company. In July 2010, Global Indemnity replaced
the Company’s predecessor, United America Indemnity, Ltd., a Cayman Island
company, as the ultimate parent company as a result of a re-domestication transaction.
The Company’s A ordinary shares are publicly traded on the NASDAQ Global
Select Market under the trading symbol “GBLI.”
The Company’s U.S. Insurance Operations distribute property and casualty
insurance products. Its Personal Lines operate primarily in the admitted marketplace;
whereas, its Commercial Lines operate predominantly in the excess and surplus
lines marketplace. To manage its operations, the Company seeks to differentiate
its products by product classification. The U.S. Insurance Operations are licensed
to write on a surplus lines (non-admitted) basis and/or an admitted basis in
all 50 U.S. States, the District of Columbia, Puerto Rico, and the U.S. Virgin
Islands, which provides the Company with flexibility in designing products and
programs, and in determining rates to meet emerging risks and discontinuities
in the marketplace.
The Company’s Reinsurance Operations offer third party treaty reinsurance
for specialty property and casualty insurance companies and reinsurance companies
as well as professional liability products to companies. The Company’s
Reinsurance Operations also provide reinsurance to its Insurance Operations
in the form of quota share and stop-loss arrangements.
1.46%