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Cgu Insurance
Comprehensive Indemnity plc Announces Management Consolidation of Penn-America and United National
Comprehensive Indemnity plc (Nasdaq: GBLI) now announced the consolidation of its producer binding authority businesses, United National assemble and Penn-America assemble, under a ordinary management organize. Matthew B. Scott, who is now President of the Penn-America assemble want furthermore take upon yourself the Presidency of the United National assemble and want deal with together Penn-America's all-purpose agent relationships and United National's specialty program administrators. This exchange is effectual at once. With this exchange J. Scott Reynolds, who held the spot of President of United National assemble, has missing the Company. "We thank Mr. Reynolds pro his service to the Company and fancy him well inside his prospect endeavors", understood Larry Frakes, President and Chief Executive detective of comprehensive Indemnity plc.
"In bringing the two organizations collectively under ordinary leadership, we want befall able to other efficiently capitalize on the synergies these akin businesses provide us", added Mr. Frakes. "Matt has made a good vacancy inside commencement the process of realigning our infrastructure, products and services pro our Penn-America producers and their clients. I expect him to take up again these hard work while bringing the same expertise and enthusiasm to the United National team and their specialty program administrators".
Mr. Scott tied United America Indemnity, Ltd. ("UAI") inside October 2007 equally sub- President of affair Development of Diamond condition assemble and was promoted to Senior sub- President of sufferer Brokerage of Diamond condition assemble inside April of 2008. Inside June of 2009 he was promoted to President of Penn-America assemble. Former to unification UAI, he served equally an executive inside the Strategic Markets element of fair Mountains' subsidiary, OneBeacon Insurance Company. Mr. Scott began his career inside 1986 by Sigel Insurance assemble, where he was ultimately appointed sub- President, Sales. Inside 1998 he tied CGU Insurance Company equally sub- President, Specialty affair Development. CGU Insurance Company was acquired by fair Mountains' Insurance assemble inside 2001. Mr. Scott previously served on the Board of American wedding anniversary Insurance Company, a fair Mountains' company. He expected his single of Arts as of Franklin & Marshall College and his Master of Science inside Insurance Management as of Boston University.
