{"id":529547,"date":"2021-08-18T18:48:04","date_gmt":"2021-08-18T22:48:04","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/global-indemnity-group-llc-issues-letter-to-investor\/"},"modified":"2021-08-18T18:48:04","modified_gmt":"2021-08-18T22:48:04","slug":"global-indemnity-group-llc-issues-letter-to-investor","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/global-indemnity-group-llc-issues-letter-to-investor\/","title":{"rendered":"Global Indemnity Group, LLC Issues Letter to Investor"},"content":{"rendered":"
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BALA CYNWYD, Penn., Aug. 18, 2021 (GLOBE NEWSWIRE) — Global Indemnity Group, LLC (NASDAQ:GBLI) (the \u201cCompany\u201d), parent company of specialty property and casualty insurance providers Penn-America Group\u00ae, United National Group\u00ae, Diamond State Group\u00ae, American Reliable Insurance Company\u00ae, and Collectibles Insurance Services\u2122, today issued the following letter to Harbert Discovery Fund, LP (the \u201cInvestor\u201d) in response to a recent letter from the Investor:<\/p>\n

\n Dear Mr. Lucas:<\/em>\n <\/p>\n

\n We refer to your letter to the Chairman of our Board of Directors, dated August 12, 2021. While we thank you for your continued interest in Global Indemnity Group, LLC (\u201cGBLI\u201d), we must nevertheless inform you, and must caution holders of GBLI securities as well as others who may be interested in investing in GBLI securities, that your August 12, 2021 letter to the Chairman contains both material factual misstatements and significant misleading characterizations of GBLI. We entreat you to take more care in your research and analysis, particularly with respect to material you publicly disseminate. <\/em>\n <\/p>\n

\n Very truly yours,<\/em>\n <\/p>\n\n\n\n\n\n\n\n
\u00a0<\/td>\n\n \/s\/ Stephen W. Ries<\/em>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Stephen W. Ries<\/em>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Sr. Vice President, Sr. Corporate Counsel, Head of Investor Relations & Secretary<\/em>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Global Indemnity Group, LLC<\/em>\n <\/td>\n<\/tr>\n<\/table>\n

\n About Global Indemnity Group, LLC and its subsidiaries<\/strong>\n <\/p>\n

Global Indemnity Group, LLC (NASDAQ:GBLI), through its several direct and indirect wholly owned subsidiary insurance companies, provides both admitted and non-admitted specialty property and specialty casualty insurance coverages and individual policyholder coverages in the United States, as well as reinsurance worldwide. Global Indemnity Group, LLC\u2019s four primary segments are:<\/p>\n