Global Indemnity Group, LLC announced the appointment of Jason C. Murgio to its board of directors, effective June 4.
Murgio is the principal and chief executive officer of Merger & Acquisition Services, Inc, an advisory and financial services firm that focuses on the insurance industry.
In addition to his role at Merger & Acquisition Services, Murgio serves as a director of Investors Heritage Life Insurance Company and Hudson Life & Annuity Company. He holds a bachelor of arts degree from Union College in Schenectady, N.Y.
Saul Fox, chairman of GBLI, said the company has collaborated with Murgio and his firm for over 15 years.
“Having collaborated with him and his firm for more than 15 years on numerous strategic initiatives, I am confident that his insights will be invaluable as GBLI continues to grow and innovate,” Fox said.
“As the company enters a period of significant opportunity and growth, I look forward to leveraging my experience to help guide GBLI through the dynamic and evolving insurance landscape. This is an exciting time for the organization, and I am eager to contribute to its future success,” Murgio said.
As of June 2025, the board of directors of Global Indemnity Group comprises the following members:
The appointment comes as Global Indemnity recently ended its exploration of a sale or merger involving its insurance group, Penn-America, and the broader company. In December 2023, GBLI cited market conditions as the reason for suspending those discussions.
Following this decision, the company continued its share repurchase program, maintaining $100 million in capacity under its previously announced $135 million authorization.
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