Global Indemnity Group, LLC Names David S. Charlton Chief Executive of Insurance Operations
April 20 2021 - 9:00AM
Global Indemnity Group, LLC (NASDAQ:GBLI) (the “Company”), parent
company of specialty property and casualty insurance providers
Penn-America Group®, United National Group®, Diamond State Group®,
American Reliable Insurance Company®, and Collectibles Insurance
Services® today announced the appointment of David S. Charlton as
its chief executive of Global Indemnity’s insurance operations as
well as a member of its board of directors.
Mr. Charlton is a 34-year veteran property & casualty
insurance industry senior executive, with particular expertise in
excess and surplus, binding authority, small business, and other
specialty insurance businesses. Prior to joining Global Indemnity,
Mr. Charlton served for seven years at Chubb Limited (NYSE:CB),
where he had been recruited to expand its Westchester Specialty
excess and surplus small business division. Prior to Chubb, Mr.
Charlton served at Berkshire Hathaway’s United States Liability
Insurance Company (USLI), including as executive vice president and
chief underwriting officer. Over Mr. Charlton’s 20 years of
leadership at USLI, the company posted an industry-leading 90%
combined ratio. Mr. Charlton began his insurance career at
Philadelphia Consolidated Insurance Companies, where he created and
managed the company’s highly profitable and core professional lines
casualty division. Mr. Charlton is a graduate of Babson College, a
former chairman of the Mid-Atlantic Professional Liability
Underwriting Society, and a registered professional liability
underwriter.
Saul Fox, the Company’s chairman, stated: “Global Indemnity is
delighted that David Charlton accepted the appointment as chief
executive of Global Indemnity’s property & casualty insurance
businesses. Mr. Charlton has an exemplary track record of
substantially enhancing growth, profitability, specialty product
development, digital and third-party data strategies, and unique
channels of distribution on behalf of leading U.S. and
international insurance carriers, including Chubb’s Westchester
Specialty division, Berkshire Hathaway’s USLI operation, and Tokio
Marine Group’s Philadelphia Consolidated Insurance Companies.”
David Charlton added: “Global Indemnity’s insurance operations
have offered best-in-class small business coverage for over 60
years. I am honored to be selected as the next chief executive to
lead this strong organization. I look forward to expanding our
product offerings and services to small businesses while continuing
to deliver exceptional service to our agents, partners and
policyholders.”
As the Company’s principal executive officer, Mr. Charlton will
report directly to the Company’s board of directors through its
chairman. Mr. Charlton’s appointment concludes the chief executive
search process initiated by the Company’s board of directors in
January 2021.
About Global Indemnity Group, LLC and its
subsidiaries
Global Indemnity Group, LLC (NASDAQ:GBLI), through its several
direct and indirect wholly owned subsidiary insurance companies,
provides both admitted and non-admitted specialty property and
specialty casualty insurance coverages and individual policyholder
coverages in the United States, as well as reinsurance worldwide.
Global Indemnity Group, LLC’s four primary segments are:
- Commercial Specialty
- Specialty Property
- Farm, Ranch, & Stable
- Reinsurance Operations
Forward-Looking Information
The forward-looking statements contained in this press release1
do not address a number of risks and uncertainties including,
COVID-19. Investors are cautioned that Global Indemnity’s actual
results may be materially different from the estimates expressed
in, or implied, or projected by, the forward looking statements.
These statements are based on estimates and information available
to us at the time of this press release. All forward-looking
statements in this press release are based on information available
to Global Indemnity as of the date hereof. Please see Global
Indemnity’s filings with the Securities and Exchange Commission for
a discussion of risks and uncertainties which could impact the
company and for a more detailed explication regarding
forward-looking statements. Global Indemnity does not assume any
obligation to update the forward-looking statements provided to
reflect events that occur or circumstances that exist after the
date on which they were made.
[1] Disseminated pursuant to the "safe harbor" provisions of
Section 21E of the Security Exchange Act of 1934.
Contact:MediaStephen W.
RiesHead of Investor Relations(610)
668-3270 sries@global-indemnity.com
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