Global Indemnity Group, LLC (NYSE:GBLI) (?Global Indemnity? or the ?Company?) announced that it suspended the exploration of the sale or merger of Penn-America (Penn-America Group, Inc.), Global Indemnity?s insurance group, and Global Indemnity itself at this time. Saul Fox, Global Indemnity?s Chairman, stated: ?Our merger & acquisition market information that suggested we pursue a transaction at this time was not realized.?

Jay Brown, Global Indemnity?s Chief Executive Officer, added: ?Given the Company?s debt-free balance sheet and strong reserve base, coupled with our enviable decades-long profitability, outstanding management team, and extensive national agent and broker network, Penn-America is well-positioned to achieve exceptional financial results for our owners?.