Global Indemnity Q1 CR worsens to 101% while GWP drops 35.6% to $123mn

Global Indemnity – which has made a number of restructuring moves to its business and changed management twice in the past two years to improve profitability – has reported a 6 point increase in its combined ratio to 101.0 percent while GWP dropped 35.6 percent to $123mn.