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Assumed reinsurance drives premium growth for Global Indemnity in Q2’26
['Beth Musselwhite']
News news - Reinsurance News
Global Indemnity Group, LLC (GBLI) has reported that Belmont Core gross written premiums (GWP) grew 7% year on year to $117.3 million in the second quarter of 2026 from $109.8 million, supported by 79% growth in its assumed reinsurance business.
Belmont Core is GBLI’s primary operating segment, focusing on specialty property and casualty insurance and assumed reinsurance products.
It comprises Wholesale Commercial, Vacant Express and Collectibles, Assumed Reinsurance, and Specialty Products.
Assumed Reinsurance GWP increased 79% to $21.5 million from $12.0 million, more than offsetting a 35.7% decline in Specialty Products GWP to $7.8 million from $12.1 million.
For the six months ended June 30, 2026, Belmont Core GWP grew 3% to $213.7 million from $208.2 million in H1’25.