Global Indemnity weighing sale of $500mn E&S arm Penn-America
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Global Indemnity weighing sale of $500mn E&S arm Penn-America

GBLI Global indemity logo 2 boardroom.jpg

Global Indemnity is exploring the sale of its SME-focused E&S platform Penn-America, Inside P&C can reveal.

Sources said the Pennsylvania-based insurer is working with Merger & Acquisition Services, but the driving force behind the work is controlling shareholder Fox Paine.


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