Global Indemnity stock closes down 15% after Penn-America sale process suspended
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Global Indemnity stock closes down 15% after Penn-America sale process suspended

Aisling Finn
December 07, 2023
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Global Indemnity has suspended the potential sale or merger of Penn-America, its SME-focused E&S platform.

Saul Fox, chairman and controlling shareholder, said: “Our merger and acquisition market information that suggested we pursue a transaction at this time was not realized.”

Jay

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