Global Indemnity Group Appoints Jason C. Murgio to Board of Directors

Strategic Insights -

Global Indemnity Group, LLC (NYSE: GBLI), a publicly listed holding company for property and casualty insurance-related businesses, has announced the appointment of Jason C. Murgio, Principal and Chief Executive Officer of Merger & Acquisition Services, Inc., to its Board of Directors, effective June 4, 2025. Murgio brings a wealth of expertise in insurance mergers and acquisitions, with over 15 years of collaboration with GBLI on numerous strategic initiatives.

Key Takeaways:

  • Jason C. Murgio, Principal and Chief Executive Officer of Merger & Acquisition Services, Inc., has been appointed to the Board of Directors of Global Indemnity Group, LLC (NYSE: GBLI), effective June 4, 2025.
  • Murgio brings over 15 years of experience in insurance mergers and acquisitions, having collaborated with GBLI on numerous strategic initiatives.
  • Global Indemnity Group, LLC holds controlling interests in Penn-America Underwriters, LLC, Belmont Holdings GX, Inc., and Belmont Asset Management.
  • Merger & Acquisition Services, Inc. is a leading advisory and financial services firm specializing in the insurance industry.
  • Murgio serves as a Principal and the Chief Executive Officer of Merger & Acquisition Services, Inc., and a director of Investors Heritage Life Insurance Company and Hudson Life & Annuity Company.
  • Murgio earned a Bachelor of Arts from Union College in Schenectady, New York.

Statistics:

  • Over 15 years of collaboration with GBLI on strategic initiatives.
  • 3 agencies under Penn-America Underwriters, LLC: Penn-America Insurance Services, LLC, J.H. Ferguson and Associates, LLC, and Collectibles Insurance Services, LLC.
  • 2 strategic insurance product and service businesses under Penn-America Underwriters, LLC: Liberty Insurance Adjustment Agency, Inc. and Kaleidoscope Insurance Technologies, Inc.
  • 5 state-regulated insurance carriers under Belmont Holdings GX, Inc.: Penn-Patriot Insurance Company, Diamond State Insurance Company, Penn-Star Insurance Company, Penn-America Insurance Company, and United National Insurance Company.
  • AM Best rating "A" (Excellent) for the 5 state-regulated insurance carriers under Belmont Holdings GX, Inc.

Sources:

  • Business Wire press release, "Global Indemnity Group Appoints Jason C. Murgio to Board of Directors"
  • Global Indemnity Group, LLC website at www.gbli.com
  • Securities Exchange Act of 1934, Section 21E
  • AM Best rating of Belmont Holdings GX, Inc.