Global Indemnity Group, LLC Issues Letter to Investor
August 18 2021 - 6:45PM
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 issued the following letter to Harbert Discovery
Fund, LP (the “Investor”) in response to a recent letter from the
Investor:
Dear Mr. Lucas:
We refer to your letter to the Chairman of our Board of
Directors, dated August 12, 2021. While we thank you for your
continued interest in Global Indemnity Group, LLC (“GBLI”), we must
nevertheless inform you, and must caution holders of GBLI
securities as well as others who may be interested in investing in
GBLI securities, that your August 12, 2021 letter to the Chairman
contains both material factual misstatements and significant
misleading characterizations of GBLI. We entreat you to take more
care in your research and analysis, particularly with respect to
material you publicly disseminate.
Very truly yours,
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/s/ Stephen W. Ries |
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Stephen W. Ries |
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Sr. Vice President, Sr. Corporate
Counsel, Head of Investor Relations & Secretary |
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Global Indemnity Group, LLC |
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: |
Media |
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Stephen W. Ries |
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Head of Investor Relations |
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(610) 668-3270 |
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sries@global-indemnity.com |
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