July 6, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Global Indemnity plc (NASDAQ: GBLI) said that a redomestication transaction previously approved by the shareholders of United America Indemnity, Ltd. (NASDAQ: INDM) was completed. United America Indemnity, Ltd., a Cayman Islands company, is now a wholly-owned subsidiary of Global Indemnity, plc, an Irish company, and the former shareholders of United America Indemnity, Ltd. are now the shareholders of Global Indemnity, plc.

Global Indemnity will continue the registration with the U.S. Securities and Exchange Commission and be subject to the SEC's standard reporting requirements.

In the transaction, the holders of United America Indemnity, Ltd.'s Class A and Class B common shares received Global Indemnity plc's Class A and Class B ordinary shares, respectively, on a one for two basis (one Global Indemnity share issued in exchange for each two United America Indemnity shares outstanding).

United America Indemnity's stock ticker symbol "INDM" will be replaced by Global Indemnity's stock ticker symbol "GBLI".

Ireland-based Global Indemnity, through its several direct and indirect wholly owned subsidiary insurance and reinsurance companies, provides both admitted and nonadmitted specialty property and casualty insurance coverages in the United States, as well as reinsurance throughout the world.

The company’s five principal divisions include Penn-America, which includes property and general liability products for small commercial businesses distributed through a select network of wholesale general agents with specific binding authority.

The company also owns United National, which includes property, general liability, and professional lines products distributed through program administrators with specific binding authority; Diamond State, which includes property, general liability, and professional lines products distributed through wholesale brokers and program administrators with specific binding authority;

CompGlobal, which provides workers' compensation insurance.

The firm’s Wind River unit is a Bermuda based treaty and facultative reinsurer of excess and surplus lines and specialty property and casualty insurance.

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