Global Indemnity Announces that Multiple Parties Have Expressed Preliminary Interest in Acquiring or Merging with Penn-America or Global Indemnity

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Jun 09, 2023

Global Indemnity Group, LLC (NYSE:GBLI, Financial) (“Global Indemnity” or the “Company”) announced that in recent days, multiple parties indicated preliminary interest in exploring an acquisition of or merger with Penn-America, Global Indemnity's insurance group, or an acquisition of or merger with Global Indemnity itself. While the Company is responding to certain of these preliminary indications of interest, there is no assurance that an acceptable transaction will result from such engagement. The Company does not intend to make any further public comment regarding the process unless or until it has been completed or suspended. Attached is the “Chairman’s Letter to Shareholders” that accompanied the Company’s 2022 Annual Report, which was distributed in late April 2023.