United America Indemnity

www.globalindemnity.ie
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United America Indemnity Reviews

2 Reviews
3.4
2 Reviews

Recommend to a friend
Approve of CEO
United America Indemnity President, CEO, and Director Larry A. Frakes
Larry A. Frakes
0 Ratings
  •  

    Decent place to work but it seems like they are positioning the company for a sale.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Director
    Former Employee - Director

    I worked at United America Indemnity full-time (more than 3 years)

    Pros

    Decent benefits, PTO, paperless workplace, decent work-life balance.

    Cons

    For being and Excess & Surplus lines carrier, they are very conservative in their underwriting. Knee jerk reactions to claims activity. Hiring employees outside their main office was a cumbersome process and they make no regional adjustments for salaries. Underwriting systems are horrible and are a legacy from the prior senior management's bad decision, yet they won't dedicate resources to either properly fix it nor replace it.

    Advice to ManagementAdvice

    Stop letting Mr. Fox and the Board make all the decisions. Buy some reinsurance and quit overreacting to loss activity. With the business you're in, you should expect at least some volatility. Encourage employee development and decide where you are going as a company once and for all.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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Additional Info

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Website www.globalindemnity.ie
Headquarters Dublin, Ireland
Size 150 to 499 Employees
Founded Unknown
Type Company - Public (GBLI)
Industry Insurance
Revenue $100 to $500 million (USD) per year
Competitors AIG, W. R. Berkley, Nationwide

Doing business through its United National Group and Penn-America Group subsidiaries, Global Indemnity (formerly United America Indemnity) provides specialty and surplus property/casualty insurance, including insurance for social service agencies and vacant properties. The group, one of the larger excess and surplus lines insurers in the US, operates through agents and program managers throughout the nation. Global Indemnity also has operations in Bermuda through its Wind River Reinsurance unit, which offers treaty (group risk) and facultative (individual risk... More

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