Global Indemnity Group LLC (GBLI) announced that its subsidiary, Penn-America Underwriters LLC, is launching its first reinsurance managing general agency (MGA), in partnership with veteran reinsurance executive George Dragonetti, who will also serve as president of the new unit.
Penn-AmericaUnderwriters (PAU) operates as a division of GBLI, specializing in underwriting, growth, and distribution of insurance and reinsurance products, technology solutions, and claims services.
“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,” commented Praveen K. Reddy, president & CEO of PAU.
“Partnering with George Dragonetti to establish this innovative MGA marks a strategic leap forward for the company’s multi-prong Manifest initiative, underscoring GBLI’s commitment to expanding the company’s capabilities across both specialized insurance and reinsurance solutions,” said Saul Fox, chairman of GBLI.
“Mr. Dragonetti brings over three decades of reinsurance expertise—including 13 years in Bermuda and 20 years in the U.S.—to the new venture. His distinguished track record in developing tailored reinsurance solutions, building high-performing teams, and successfully executing strategic growth initiatives will be integral to establishing and advancing PAU’s reinsurance business,” Fox continued.
“I am honored to partner with PAU and to head up its MGA reinsurance business,” Dragonetti remarked. “I look forward to working closely with the leadership team to accelerate growth and deliver underwriting excellence.”
Prior to joining forces with PAU, Dragonetti served as head of Property at Emerald Bay Risk Solutions. He previously held key leadership roles at Nav Re and RLI Re, recognized industry leaders in delivering complex reinsurance solutions.
Source: Global Indemnity Group LLC
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