Global Indemnity Group, a specialty property and casualty insurer, has announced that its subsidiary Penn-America Underwriters, LLC (PAU), is launching its first reinsurance managing general agency (MGA) in partnership with reinsurance executive George Dragonetti.

Dragonetti will serve as president of the new unit. This initiative marks a strategic expansion for Global Indemnity Group, aimed at strengthening its presence in the reinsurance sector. The company intends to broaden its specialty capabilities and stimulate further growth through increased product diversification and innovation.

The newly established reinsurance MGA will concentrate on developing customized reinsurance solutions and building a robust underwriting framework. By integrating technology with industry expertise, the platform seeks to enhance PAU’s capacity to manage risk effectively while introducing innovative products to the market. Dragonetti’s leadership is expected to be central to shaping PAU’s reinsurance strategy and ensuring consistent performance across its specialty portfolio.

This launch aligns with Global Indemnity’s broader Manifest strategy, which emphasizes the expansion of both its insurance and reinsurance capabilities. The move also follows the recent appointment of Jason C. Murgio, principal and CEO of Merger & Acquisition Services, Inc., to Global Indemnity’s board of directors, contributing to the company’s leadership depth.

Saul Fox, chairman of Global Indemnity Group, commented, “Partnering with George Dragonetti to establish this innovative MGA marks a strategic leap forward for our Manifest initiative, underscoring our commitment to expanding capabilities across both specialized insurance and reinsurance solutions.”

Praveen K. Reddy, president and CEO of Penn-America Underwriters, stated, “This launch represents a major milestone in our development as a specialty provider of insurance and reinsurance products and services. In partnership with George Dragonetti and with George at the helm, we are confident in our ability to drive innovation, growth, and superior underwriting performance for our new reinsurance platform.”