Global Indemnity Group, LLC announced the appointment of Praveen K. Reddy as President and Chief Executive Officer of its subsidiary, Penn-America Underwriters, LLC. This key executive appointment is effective immediately and is expected to drive the strategic development of Penn-America's capabilities.
Mr. Reddy brings prior experience as global president and Chief Operating Officer at Innovisk Capital Partners. His leadership is intended to further develop the capabilities of Penn-America's current agencies and service companies, aligning with Global Indemnity's broader investment in this segment.
This appointment underscores the company's commitment to strengthening its core insurance operations and distribution channels. Penn-America Underwriters is a critical component of Global Indemnity's strategy for profitable growth and operational efficiency following the recent 'Project Manifest' reorganization.
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