A.M. Best Assigns Issuer Credit Rating to Global Indemnity Limited and Issue Credit Rating to Its New Subordinated Note Offering

OLDWICK, N.J.–(BUSINESS WIRE)–A.M. Best has assigned a Long-Term Issuer Credit Rating of “bbb” to the newly created Global Indemnity Limited (Global Indemnity) (Cayman Islands) (NASDAQ:GBLI), replacing Global Indemnity Unlimited Company (Global Unlimited) (Dublin, Ireland) as the ultimate parent of Global Indemnity Reinsurance Company Ltd. and its U.S. subsidiaries. A.M. Best also has assigned a Long-Term Issue Credit Rating (Long-Term IR) of “bbb-” to the $120 million 7.875% subordinated not