Business
Penn-America Underwriters Launches Reinsurance MGA: First De Novo Venture in MGA Platform Expansion
WILMINGTON, Del., October 03, 2025--Penn-America Underwriters Launches Reinsurance MGA: First De Novo Venture in MGA Platform Expansion
About this update from Global Indemnity Group, Llc
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":480,"height":456,"url":"https://media.zenfs.com/en/business-wire.com/6bd8c2d0b09e21f79c013dc79a869a85"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/vxzqTg2qmEn.GP74J_XFyA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTkxMjtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/6bd8c2d0b09e21f79c013dc79a869a85","width":480,"height":456}},"lazy":false},{"type":"text","content":"WILMINGTON, Del., October 03, 2025--(BUSINESS WIRE)--Global Indemnity Group, LLC (NYSE:GBLI) ("GBLI") announced today that its subsidiary, Penn-America Underwriters, LLC ("PAU"), is launching its inaugural reinsurance managing general agency (MGA) in partnership with veteran reinsurance executive George Dragonetti, who will also serve as President of the new unit. PAU operates as a division of GBLI specializing in underwriting, growth, and distribution of insurance and reinsurance products, technology solutions, and claims services.","length":558,"tagName":"p"},{"type":"text","content":"Commenting on the announcement, Praveen K. Reddy, President & CEO of Penn-America Underwriters, LLC, remarked: "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."","length":462,"tagName":"p"},{"type":"text","content":"Saul Fox, Chairman of GBLI, added: "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." Fox added: "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.""...