Global Indemnity (GBLI) forms reinsurance MGA, appoints Dragonetti

Rhea-AI Filing Summary

Global Indemnity Group, LLC (GBLI) announced that its subsidiary Penn-America Underwriters, LLC is launching an inaugural reinsurance managing general agency (MGA) in partnership with veteran reinsurance executive George Dragonetti, who will serve as President of the new unit. The filing furnishes a press release as Exhibit 99.1 and clarifies that the release is furnished under Item 7.01 and is not "filed" for purposes of Section 18 of the Exchange Act. The notice is presented as a Current Report on Form 8-K dated October 3, 2025.

The announcement describes a strategic initiative to enter or expand in reinsurance distribution via an MGA model with experienced leadership, but the filing does not disclose financial terms, expected revenues, capital allocation, or timelines for operations.

Positive

• Penn-America is launching an inaugural reinsurance MGA, indicating strategic growth in reinsurance distribution
• Appointment of veteran executive George Dragonetti as President adds experienced leadership and market credibility
• Press release furnished as Exhibit 99.1 provides transparent public disclosure of the initiative

Negative

• Filing discloses no financial terms, expected revenues, or capital commitments for the new MGA
• No timeline or operational milestones stated for when the MGA will begin underwriting or generate income
• Item clarifies the release is "furnished" and not "filed", which may limit legal reliance and concrete investor protections

Insights

Insurance Strategy Analyst

GBLI is establishing an MGA to expand reinsurance distribution under experienced leadership.

The creation of a reinsurance MGA through Penn-America Underwriters, LLC signals a move toward fee-based underwriting and capital-light growth.

The appointment of George Dragonetti as President provides leadership continuity and market credibility; however, the filing provides no financial terms or performance targets to quantify impact.

Corporate Governance Analyst

The 8-K furnishes a press release but limits legal incorporation of the disclosure.

The company explicitly states Exhibit 99.1 is "furnished" under Item 7.01 and not "filed" under Section 18, which narrows legal exposure for forward-looking statements and factual assertions in the release.

This is standard practice for communications about strategic initiatives when detailed contractual or financial commitments are not disclosed.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): October 3, 2025

GLOBAL INDEMNITY GROUP, LLC

(Exact name of Registrant as Specified in Its Charter)

Delaware		001-34809		85-2619578
(State or Other Jurisdiction of Incorporation)		(Commission File Number)		(IRS Employer Identification No.)

112 S. French Street
Suite 105
Wilmington, Delaware				19801
(Address of Principal Executive Offices)				(Zip Code)

Registrant’s Telephone Number, Including Area Code: (302) 691-6276

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Class A Common Shares, no par value		GBLI		The New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 7.01 Regulation FD Disclosure.

On October 3, 2025, Global Indemnity Group, LLC (the “Company”) issued a press release announcing that its subsidiary Penn-America Underwriters, LLC, a Delaware limited liability company, is launching its inaugural reinsurance managing general agency in partnership with veteran reinsurance executive George Dragonetti, who will serve as President of the new unit. A copy of the press release is attached hereto as Exhibit 99.1 and incorporated into this Item 7.01 by reference. The information in this Item 7.01 of this Current Report (including Exhibit 99.1) shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liability of such section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of the general incorporation language of such filing, except as shall be expressly set forth by specific reference in such filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

99.1		News Release of Global Indemnity Group, LLC (Furnished solely for purposes of Item 7.01 of this Current Report on Form 8-K)
104		Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

				Global Indemnity Group, LLC
October 3, 2025				By:		/s/ Nathaniel DeRose
				Name:		Nathaniel DeRose
				Title:		Senior Vice President and Senior Counsel

FAQ

What did Global Indemnity Group (GBLI) announce in the 8-K?

The company announced that Penn-America Underwriters, LLC is launching an inaugural reinsurance MGA and named George Dragonetti as President, as disclosed in a press release furnished as Exhibit 99.1.

When was the announcement by GBLI made?

The Current Report on Form 8-K references the press release dated October 3, 2025.

Does the 8-K disclose financial terms or expected revenue from the MGA?

No. The filing does not disclose any financial terms, revenue projections, or capital commitments related to the new MGA.

What is the legal status of the press release included in the 8-K?

The company states the press release is furnished under Item 7.01 and not "filed" for purposes of Section 18 of the Exchange Act, limiting legal incorporation by reference.

Who will lead the new reinsurance MGA?

George Dragonetti will serve as President of the newly launched reinsurance managing general agency.