Activist urges Global Indemnity to return $250mn to shareholders
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
Insurance Insider US is part of the Delinian Group, Delinian Limited, 4 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730
Copyright © Delinian Limited and its affiliated companies 2024

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Activist urges Global Indemnity to return $250mn to shareholders

global-indemnity-logo-philadelphia-pa.jpg

An activist investor is calling on Global Indemnity to return $250mn of excess capital to shareholders through a special dividend or stock buybacks.

In an open letter to the Global Indemnity chairman Saul Fox dated Wednesday, Kenan Lucas, who runs the Harbert Discovery Fund, accused him putting the interests of company insiders ahead of shareholders.

Fox’s

Enter your e-mail to claim a free trial:

Uncover exclusive insights tailored for insurance leaders

    • Stay Informed: Access exclusive industry insights
    • Gain a competitive advantage: Hear first about tactical developments
    • Make better decisions: Understand market dynamics in crucial lines of business
Gift this article