PAU, a division of Global Indemnity, focuses on underwriting, growth, and the distribution of insurance and reinsurance products, along with technology solutions and claims services. The launch marks an important milestone for the company as it continues to expand its specialty capabilities.
“This launch represents a major milestone in our development as a specialty provider of insurance and reinsurance products and services,” said Praveen K. Reddy, president and CEO of Penn-America Underwriters. “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.”
Saul Fox, chairman of Global Indemnity Group, said the partnership with Dragonetti supports the company’s broader strategic objectives. “Partnering with George Dragonetti to establish this innovative MGA marks a strategic leap forward for our Manifest initiative, underscoring our commitment to expanding capabilities across both specialized insurance and reinsurance solutions,” he said.
Dragonetti brings more than three decades of reinsurance experience, including 13 years in Bermuda and 20 years in the United States. Fox described him as a leader with a proven record of developing customized reinsurance solutions, building high-performing teams, and executing successful growth strategies, qualities that will be key to establishing and advancing PAU’s reinsurance business.
The announcement follows the recent appointment of Jason C. Murgio to the board of directors at Global Indemnity Group. Murgio, who is the principal and CEO of Merger & Acquisition Services, Inc., brings additional depth of insurance industry experience to the board.
As of June, Global Indemnity Group’s board of directors includes Saul Fox as chairman, Jay Brown as CEO and director, along with Seth Gersch, Thomas McGeehan, Fred Karlinsky, Bruce Lederman, and Jason C. Murgio.
