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Global Indemnity Launches New Reinsurance Agency

Story Highlights
  • Penn-America Underwriters launches its first reinsurance MGA with George Dragonetti.
  • This launch is part of Global Indemnity’s strategy to expand in specialized insurance and reinsurance.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Global Indemnity Launches New Reinsurance Agency

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Global Indemnity ( (GBLI) ) has shared an update.

On October 3, 2025, Global Indemnity Group announced that its subsidiary, Penn-America Underwriters, is launching its first reinsurance managing general agency in partnership with reinsurance executive George Dragonetti, who will lead the new unit. This strategic move is part of Global Indemnity’s Manifest initiative to expand its capabilities in specialized insurance and reinsurance solutions, with Dragonetti’s extensive experience expected to drive innovation and growth in the reinsurance business.

The most recent analyst rating on (GBLI) stock is a Hold with a $31.00 price target. To see the full list of analyst forecasts on Global Indemnity stock, see the GBLI Stock Forecast page.

Spark’s Take on GBLI Stock

According to Spark, TipRanks’ AI Analyst, GBLI is a Neutral.

Global Indemnity’s overall score reflects a mixed financial performance with improved profitability but declining revenue. The stock’s valuation is reasonable, and the earnings call provided a positive outlook with strong premium growth and technological advancements. However, technical indicators suggest a bearish trend, and increased expenses pose risks.

To see Spark’s full report on GBLI stock, click here.

More about Global Indemnity

Global Indemnity Group, LLC is a publicly listed holding company for property and casualty insurance-related businesses. Its subsidiary, Penn-America Underwriters, LLC, specializes in underwriting, growth, and distribution of insurance and reinsurance products, technology solutions, and claims services. The company holds interests in various agencies and strategic insurance product and service businesses.

Average Trading Volume: 4,323

Technical Sentiment Signal: Hold

Current Market Cap: $414.8M

For detailed information about GBLI stock, go to TipRanks’ Stock Analysis page.

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