WILMINGTON, DE — Global Indemnity Group LLC (Nasdaq: GBLI) approved a $0.35-per-share distribution payable Sept. 30, returning capital to shareholders of record as of the close of business Sept. 18.
The payment was approved by the company’s board of directors.
Global Indemnity is a publicly traded holding company with a portfolio of property and casualty insurance businesses.
Its Katalyx Holdings LLC unit includes four agencies focused on sourcing, underwriting and servicing primary and assumed reinsurance business: Penn-America Insurance Services LLC, Valyn Re LLC, J.H. Ferguson & Associates LLC, including Vacant Express, and Collectibles Insurance Services LLC.
Katalyx also houses three specialized insurance-service businesses. Those include Kaleidoscope Insurance Technologies Inc., which develops underwriting and policy systems; Sayata, an AI-enabled digital marketplace and agency for small commercial insurance; and Liberty Insurance Adjustment Agency Inc., which provides claims evaluation and adjustment services.
Global Indemnity’s Belmont Holdings GX Inc. unit consists of five statutory insurance carriers: Penn-America Insurance Co., United National Insurance Co., Penn-Patriot Insurance Co., Diamond State Insurance Co. and Penn-Star Insurance Co.
Each of the five carriers is rated “A” (Excellent) by AM Best.
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