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GBLI subsidiary PAU launches reinsurance MGA
Yahoo Finance· 2025-10-06 11:37
Core Insights - Global Indemnity Group (GBLI) has launched a new reinsurance managing general agency (MGA) through its subsidiary Penn-America Underwriters (PAU) [1] - The new MGA will be led by George Dragonetti, who has over three decades of reinsurance experience [2][3] - The launch is seen as a significant milestone for PAU in its development as a specialty provider of insurance and reinsurance products and services [7] Company Overview - PAU focuses on underwriting, growth, and distribution of both insurance and reinsurance products, along with technology solutions and claims services [1] - The company operates a network of three agencies dedicated to sourcing, underwriting, and servicing insurance policies [5] - PAU also includes three strategic insurance product and service businesses: Sayata, Liberty Insurance Adjustment Agency, and Kaleidoscope Insurance Technologies [6] Leadership and Strategy - George Dragonetti's experience includes leadership roles at Emerald Bay Risk Solutions, Nav Re, and RLI Re, with a strong track record in developing tailored reinsurance solutions [2][3] - Dragonetti aims to accelerate growth and deliver underwriting excellence while contributing to PAU's broader strategy and long-term objectives [3][4] - GBLI's chairman, Saul Fox, emphasized Dragonetti's extensive reinsurance expertise, which will be integral to advancing PAU's reinsurance business [2]