Global Indemnity Group, LLC Announces Resignation of Cynthia Y. Valko as a Member of its Board
January 20, 2021 at 01:46 pm
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On January 19, 2021, Global Indemnity Group, LLC announced that Cynthia Y. Valko, chief executive officer and a member of the board of directors of the Company (the Board"), informed the Board that she will retire effective as of January 31, 2021. In connection with her retirement, Ms. Valko has resigned from her positions as chief executive officer of the Company and a member of the Board, in each case effective as of January 15, 2021, although Ms. Valko will continue to serve the Company in an advisory capacity.
Global Indemnity Group, LLC provides both admitted and non-admitted specialty property and specialty casualty insurance coverages and individual policyholder coverages in the United States, and reinsurance worldwide. Its segments include Penn-America and Non-Core Operations. The Penn-America segment includes all core products which include Wholesale Commercial, Programs, Assumed Reinsurance, and the InsurTech products. The Penn-America segment distributes specialty property and casualty insurance products in the excess and surplus lines marketplace. InsurTech products are Collectibles, VacantExpress and smaller products which are distributed via the Internet. The Non-Core Operations segment represents lines of business that have been de-emphasized or are no longer being written. Non-Core Operations includes manufactured and dwelling home business, farm, ranch and equine business, specialty personal lines products, such as motorcycle, watercraft, and certain homeowners and others.