Products

"Penn-America and United National Group have combined their Commercial Binding Authority units under the management of Global Indemnity Group. Penn-America will be retained as the name of this combined business strategy. There are many benefits to this new streamlined structure including the expansion of product line offerings, state-of-the-art technology and a reinforced focus on our franchise value philosophy."

Penn-America focuses on excess and surplus commercial lines including monoline general liability, monoline property, multi-peril and umbrella coverages. The average annual policy premium is $2,000.

Commercial general liability insurance is written on an occurrence policy form and provides limits generally ranging from $25,000 to $5 million, with the majority of such policies having limits between $500,000 and $1 million.

The commercial property lines provide limits no higher than $5 million, with almost all of the policies being written at limits less than $1 million.

Penn-America writes commercial multi-peril policies that provide the same commercial property and general liability coverages bundled together as a "package" for its insureds. The limits on these policies are the same as if written on a monoline basis.

Penn-America also offers commercial umbrella coverage to enhance its commercial multi-peril writings. Commercial umbrella insurance can be written for limits up to $5 million with significant reinsurance support.