Global Indemnity plc Announces Second Quarter 2010 Results Earnings Release Conference CallBy Global Indemnity Plc, PRNE
Monday, July 19, 2010
DUBLIN, July 20, 2010 - Global Indemnity plc (NASDAQ: GBLI), - Global Indemnity plc (Nasdaq:
GBLI) will hold a teleconference on August 4, 2010 at 8:30 a.m. Eastern Time
to discuss its second quarter 2010 results.
The Company will release its earnings after the close of business on
August 3, 2010.
To participate in the teleconference, please telephone +1-800-230-1059
(U.S. and Canada) or +1-612-234-9959 (International) and you will be greeted
by an operator. Please reference Global Indemnity plc Earnings Release Call
or the host Larry Frakes.
The teleconference is being webcast by AT&T and can be accessed at the
company's website at www.globalindemnity.ie. Please access the site at
least 15 minutes prior to the teleconference to register, download and
install any necessary software. The webcast is also being distributed over
AT&T's Audio-Only Web ConferenceCast. To access the live or archived event,
please use this URL: 18.104.22.168/cgi-bin/confCast, Conference ID#:
165712 and click GO.
The teleconference will be available for replay beginning at 10:30 a.m.
Eastern Time on August 4, 2010 until 11:59 p.m. September 4, 2010. To listen
to the replay, please telephone +1-800-475-6701 (U.S. and Canada) or
+1-320-365-3844 (International) then enter 165712.
About Global Indemnity plc and its subsidiaries
Global Indemnity plc, through its several direct and indirect wholly
owned subsidiary insurance and reinsurance companies, provides both admitted
and nonadmitted specialty property and casualty insurance coverages in the
United States, as well as reinsurance throughout the world. Global Indemnity
plc's five principal divisions include:
United States Based Insurance Operations:
Penn-America, which includes property and general liability products for
small commercial businesses distributed through a select network of wholesale
general agents with specific binding authority;
United National, which includes property, general liability, and
professional lines products distributed through program administrators with
specific binding authority;
Diamond State, which includes property, general liability, and
professional lines products distributed through wholesale brokers and program
administrators with specific binding authority.
CompGlobal, which provides workers' compensation insurance.
International Reinsurance Operations:
Wind River, a Bermuda based treaty and facultative reinsurer of excess
and surplus lines and specialty property and casualty insurance.
This release contains forward-looking information about Global Indemnity
plc and the operations of Global Indemnity plc that is intended to be covered
by the safe harbor for forward-looking statements provided by the Private
Securities Litigation Reform Act of 1995. Forward- looking statements are
statements that are not historical facts. These statements can be identified
by the use of forward-looking terminology such as "believe," "expect," "may,"
"will," "should," "project," "plan," "seek," "intend," or "anticipate" or the
negative thereof or comparable terminology, and include discussions of the
reorganization to Ireland.
The business and operations of Global Indemnity plc is and will be
subject to a variety of risks, uncertainties and other factors. Consequently,
actual results and experience may materially differ from those contained in
any forward-looking statements. For example, Global Indemnity plc's
forward-looking statements about the re-domiciling and its anticipated
effects, offices and operations, stock trading matters, and tax and financial
matters could be affected by risks, including that the re-domiciling
transactions may not close, shareholders or regulators may not provide
required approvals, Global Indemnity plc may encounter difficulties moving
jurisdictions and opening new offices and functions, tax and financial
expectations and advantages might not materialize or might change, Global
Indemnity plc's stock price could decline, and Irish corporate governance and
regulatory schemes could prove different or more challenging than currently
expected. Risks, uncertainties and other factors that could cause Global
Indemnity plc's results and experience to differ from those projected
include, but are not limited to, the following: (1) the ineffectiveness of
Global Indemnity plc's business strategy due to changes in current or future
market conditions; (2) the effects of competitors' pricing policies, and of
changes in laws and regulations on competition, including industry
consolidation and development of competing financial products; (3) greater
frequency or severity of claims and loss activity than Global Indemnity plc's
underwriting, reserving or investment practices have anticipated; (4)
decreased level of demand for Global Indemnity plc's insurance products or
increased competition due to an increase in capacity of property and casualty
insurers; (5) risks inherent in establishing loss and loss adjustment expense
reserves; (6) uncertainties relating to the financial ratings of Global
Indemnity plc's insurance subsidiaries; (7) uncertainties arising from the
cyclical nature of Global Indemnity plc's business; (8) changes in Global
Indemnity plc's relationships with, and the capacity of, its general agents;
(9) the risk that Global Indemnity plc's reinsurers may not be able to
fulfill obligations; (10) investment performance and credit risk; and (11)
uncertainties relating to governmental and regulatory policies. The foregoing
review of important factors should be read in conjunction with the other
cautionary statements that are included in United America Indemnity, Ltd.'s
Annual Report on Form 10-K for the fiscal year ended December 31, 2009 and
the Quarterly Report on Form 10-Q for the quarter ended March 31, 2010, as
well as in the materials filed and to be filed with the U.S. Securities and
Exchange Commission (SEC). Global Indemnity plc does not make any commitment
to revise or update any forward-looking statements in order to reflect events
or circumstances occurring or existing after the date any forward-looking
statement is made.
Contact: Media Linda Hohn Associate General Counsel +1-610-660-6862 email@example.com
Linda Hohn, Associate General Counsel, Global Indemnity plc, +1-610-660-6862, lhohn at uai-group.com
Tags: Dublin, Global Indemnity Plc, ireland, July 20