United America Indemnity redomiciles from Cayman to Ireland
On July 2, Global Indemnity plc announced that the redomestication transaction previously approved by the shareholders of United America Indemnity, Ltd. was completed.
United America Indemnity, Ltd., which is a Cayman Islands company, is now a wholly-owned subsidiary of Global Indemnity plc, an Irish company. The former shareholders of United America Indemnity, Ltd. are now the shareholders of Global Indemnity plc, which will keep the registration with the US Securities and Exchange Commission (SEC) and be subject to the SEC’s standard reporting requirements.
Global Indemnity plc is a company having several direct and indirect wholly-owned subsidiary insurance and reinsurance companies that provides both admitted and non-admitted specialty property and casualty insurance coverages in the US, as well as reinsurance throughout the world.