Global Indemnity Group LLC (GBLI)

Overview

Global Indemnity Group, LLC is a distinguished entity in the insurance industry, offering a broad spectrum of specialty property, casualty insurance, and reinsurance products on a global scale. With its operations bifurcated into two primary segments, namely Penn-America and Non-Core Operations, the company has carved a niche for itself by catering to the needs of small commercial businesses and offering specialized insurance solutions. Founded in 2003 and having its headquarters nestled in Bala Cynwyd, Pennsylvania, Global Indemnity Group has successfully harnessed a vast network of wholesale general agents and program administrators to distribute its unique product offerings. Furthermore, it leverages brokers and intermediaries to provide third-party treaty reinsurance, augmenting its presence in the casualty insurance and reinsurance realms.

Products and Services

• Property and General Liability Products for Small Commercial Businesses

Distributed through a network of wholesale general agents, these products are specifically designed to meet the insurance needs of small commercial entities. This initiative caters to a segment that often faces challenges in securing appropriate coverage, thereby facilitating their operational security and sustainability.

• Niche Property and General Liability Products through Program Administrators

These products are tailored for specific markets, offering coverage that is uniquely designed for businesses with particular needs. By distributing these through program administrators with binding authority, Global Indemnity ensures that specialized sectors receive the bespoke insurance solutions they require.

• Third-Party Treaty Reinsurance

Offering a safety net to other insurance and reinsurance companies, this service involves the provision of reinsurance through brokers and intermediaries. It represents an essential aspect of risk management in the insurance industry, ensuring that insurers themselves are protected against widespread claims.

• Collectibles Insurance

This unique offering targets owners of valuable collections, providing them with digital direct-to-consumer insurance coverage. It acknowledges the specific challenges and needs of collectors, ensuring that their prized possessions are safeguarded against loss or damage.

• VacantExpress

Focused on providing insurance coverage for properties that are under construction, renovation, vacant, or rented. VacantExpress is distributed through a combination of wholesale general agents and retail agents, offering a crucial solution for property owners during periods of heightened risk.