M&A Deal Summary

Global Indemnity Acquires United America Indemnity

On July 2, 2010, Global Indemnity acquired insurance company United America Indemnity from Paine Schwartz Partners

Acquisition Highlights
  • This is Global Indemnity’s 1st transaction in the Insurance sector.
  • This is Global Indemnity’s 1st transaction in Cayman Islands.

M&A Deal Summary

Date 2010-07-02
Target United America Indemnity
Sector Insurance
Buyer(s) Global Indemnity
Sellers(s) Paine Schwartz Partners
Deal Type Merger

Target

United America Indemnity

Grand Cayman, Cayman Islands
United America Indemnity Ltd. is a national and international provider of excess and surplus lines and specialty property and casualty insurance and reinsurance, both on an admitted and non-admitted basis.

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Buyer(S) 1

Buyer

Global Indemnity

Bala Cynwyd, Pennsylvania, United States

Category Company
Founded 2003
Sector Insurance
Employees266
Revenue 441M USD (2024)
DESCRIPTION

Global Indemnity is a provider of insurance and reinsurance products and services to meet the needs of a diverse customer base. Global Indemnity was founded in 2003 and is based in Bala Cynwyd, Pennsylvania.


DEAL STATS #
Overall 1 of 2
Sector: Insurance M&A 1 of 2
Type: Merger M&A Deals 1 of 1
Country: Cayman Islands M&A 1 of 1
Year: 2010 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-17 American Reliable Insurance Co.

Scottsdale, Arizona, United States

American Reliable Insurance writes specialty personal lines and agricultural property and casualty insurance through a network of general and independent agents. Company product lines include manufactured housing, watercraft, recreational vehicles, farm and ranch, and federal flood insurance.

Buy $114M

Seller(S) 1

SELLER

Paine Schwartz Partners

San Mateo, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 6.5B USD
Size Mega
Type Sector Focused
DESCRIPTION

Paine Schwartz Partners is a private equity firm specializing in sustainable food chain investing. The Firm targets control investments in the food and agriculture sectors and will consider opportunities globally. Paine Schwartz Partners was formerly known as Paine & Partners - and before that was part of Fox Paine & Co. Paine Schwartz Partners has offices in San Mateo, California and New York City.


DEAL STATS #
Overall 11 of 30
Sector: Insurance M&A 1 of 1
Type: Merger M&A Deals 1 of 3
Country: Cayman Islands M&A 1 of 1
Year: 2010 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-04-09 Stabilus

Koblenz, Germany

Stabilus is a manufacturer of gas springs, hydraulic vibration dampers, continuously adjustable door stays, and automatic opening and closing systems for doors, trunk lids, and tailgates. Stabilus was incorporated in 1934 and is based in Koblenz, Germany.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-07-16 R3 Treatment

The Woodlands, Texas, United States

R360 Environmental Solutions, Inc. is an environmental oilfield waste management provider. It provides non-hazardous oilfield waste treatment, recovery and disposal services in several of the most active natural resource producing areas in the United States, including the oil-rich Permian, Bakken and Eagle Ford Basins.

Buy -