WILMINGTON, DE — Global Indemnity Group, LLC (NASDAQ: GBLI) announced that it has officially transferred the listing of its Class A common shares from the New York Stock Exchange to the Nasdaq Global Select Market, where trading began today under its existing ticker symbol.
Chairman Saul Fox said the move reflects the company’s emphasis on “advanced technology, business innovation, underwriting excellence, and dynamic growth.” The transition coincides with a major 2025 restructuring that divides the firm into two distinct operating divisions — Katalyx Holdings and Belmont Holdings GX — to strengthen operational efficiency and expand digital capabilities.
Katalyx Holdings will oversee the company’s managing general agencies, including Penn-America, Valyn Re, Vacant Express, and Collectibles Insurance Services, as well as Kaleidoscope Insurance Technologies, Sayata, and Liberty Insurance Adjustment Agency. The unit’s focus will center on technology-driven underwriting, AI-enabled insurance marketplaces, and reinsurance services.
Belmont Holdings GX will consolidate Global Indemnity’s five statutory insurance carriers — Penn-America Insurance Company, United National Insurance Company, Penn-Patriot Insurance Company, Diamond State Insurance Company, and Penn-Star Insurance Company — all rated “A” (Excellent) by AM Best.
Global Indemnity, a diversified property and casualty insurance holding company, said the reorganization is designed to enhance strategic flexibility, digital integration, and long-term growth across its underwriting, technology, and claims operations.
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