GLOBAL INDEMNITY GROUP, LLC FILES (8-K) Disclosure of Change in Directors or Principal Officers – InsuranceNewsNet

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Article 5.02 Departure of directors or certain officers; Election of directors;
Appointment of certain officers; Compensatory provisions of certain executives

Efficient November 1, 2022, Gary Tolman joins the board of directors of Global
Compensation Group, LLC
(“GBLI”) pursuant to the Majority Class B Shareholder Agreement
rights under The GBLIs Second Amended and Restated Limited Liability Company
OK. Mr. Tolman has over 45 years of experience in real estate and
the damage insurance and reinsurance industry. He was the general manager
and co-founder of Noblr, Inc. and previously served as Managing Director
officer and president of Insurance Holdings, Inc. He was also president
of Financial Response, Inc. and President and Treasurer of Talegen Holdings, Inc. Mr. Tolman spent 15 years Firefighters insurance fundat the end of the day
serving as Senior Vice President. He previously served on the board of directors
of White Mountains Insurance Group, Ltd. (NYSE:WTM). Mr. Tolman be used for
as a member of the audit committee.

Mr. Tolman is party to an agreement with the Class B Majority Shareholder
under which he will become a director. The agreement provides that the
The Class B Majority Shareholder may revoke it at any time and Mr. Tolman agree to
immediately resign from the Council at the request of the Class B Majority
Shareholder. Mr. Tolman undertakes to act in accordance with the The GBLIs Initiated
Trade Policy, that a duty of confidentiality is owed to the GBLI and the
Class B Majority Shareholder, and retain the Class B Majority Shareholder
updated on developments at GBLI.

Mr. Tolman is not a party to any transaction with GBLI that would require
disclosure under Section 404(a) of Regulation SK. As director, Mr. Tolman will be
be subject to the remuneration plan for non-executive directors as described in
The GBLIs Definitive proxy statement on Schedule 14A filed on April 29, 2022. Mr. Tolman will not be a party to any other material plan, contract or arrangement
or any grant or award under any such plan, contract or arrangement that has been
entered into upon his appointment.

On November 1, 2022, James R. HoltJr. resigned from the GBLI Board of Directors
directors by notifying GBLI. At Mr. Holt’s decision to resign was due to
the time demands presented by its main business activities.

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