Designated Directors
Saul A. Fox, 68, has served as a director of Global Indemnity and its predecessor companies since August 2003, as
Chairman of the Company since September 2003, as the Companys Chief Executive Officer from February 2007 to June 2007, and as chief executive of Fox Paine & Company, a private equity firm, from its founding in 1996 through to the date
hereof. The Fox Paine Entities constitute the Companys largest shareholder.
Prior to founding Fox Paine &
Company, Mr. Fox was a general partner of Kohlberg, Kravis & Roberts & Co. (KKR), a global alternative asset manager. During his 13 years with KKR, Mr. Fox led the highly successful acquisitions and
divestitures of American Reinsurance, Canadian General Insurance (KKRs first acquisition outside of the United States) and Motel 6. Prior to joining KKR, Mr. Fox was an attorney at Latham & Watkins LLP, specializing in tax law
and mergers & acquisitions. Over Mr. Foxs 42 year career in private equity, Mr. Fox orchestrated numerous acquisitions, mergers, divestitures and financing transactions in property & casualty insurance, reinsurance,
oil & natural gas exploration & production, oil & natural gas exploration & production software, independent power generation, diagnostic and therapeutic medical instruments and devices, motel hospitality, and
branded personal fragrance manufacturing and retailing.
Fox Paine & Company arranged, on behalf of Global
Indemnity, the acquisitions of our predecessor companies, United National, Penn Independent, Penn America Group, Collectibles Insurance Services and American Reliable. Fox Paine also arranged and back stopped Global Indemnitys
$100 million Rights Offering in 2009 as well as the Companys 2015 repurchase of 11.7 million Global Indemnity shares (representing 45% of the outstanding shares) for $268 million (including shares subject to repurchase options).
Mr. Fox received a B.S. degree in Communications from Temple University in 1975 (summa cum laude) and a Juris
Doctor degree from the University of Pennsylvania School of Law in 1978 (cum laude).
Joseph W. Brown,
73, has served as a director since December 2015. Until December 2017, Mr. Brown served on the board of directors of MBIA, Inc. (NYSE: MBI) and until September 2017, Mr. Brown was the Chief Executive Officer of MBIA, Inc. He rejoined
MBIA, Inc. in February 2008 as Chairman and Chief Executive Officer and served as Chairman until May 7, 2009. He became Executive Chairman on May 6, 2004 and retired from that position on May 3, 2007. Until May 2004, he had served as
Chairman and Chief Executive Officer. He originally joined MBIA, Inc. as Chief Executive Officer in January 1999, having been a Director since 1986 and became Chairman in May 1999. Prior to joining MBIA, Inc., Mr. Brown was Chairman of the
Board of Talegen Holdings, Inc. from 1992 through 1998. Prior to joining Talegen, Mr. Brown had been with Firemans Fund Insurance Company as President and Chief Executive Officer.
David S. Charlton, 56, has served as chief executive of our insurance operations since April 19, 2021.
Mr. Charlton is a 35-year veteran property and casualty insurance industry senior executive, with particular expertise in excess and surplus, binding authority, small business, and other specialty
insurance businesses. Prior to joining the Company, Mr. Charlton served for seven years at Chubb Limited (Chubb), where he had been recruited to expand its Westchester Specialty excess and surplus small business division. Prior to
Chubb, Mr. Charlton served at Berkshire Hathaways United States Liability Insurance Company (USLI), including as executive vice president and chief underwriting officer. Mr. Charlton began his insurance career at
Philadelphia Consolidated Insurance Companies, where he created and managed the companys core professional lines casualty division. Mr. Charlton is a graduate of Babson College, a former chairman of the
Mid-Atlantic Professional Liability Underwriting Society, and a registered professional liability underwriter.
James R. Holt, Jr., 64, has served as a director since February 2022. Mr. Holt is the co-founder and Chief Financial Officer of Evergreen Environmental, LLC, a wetland mitigation banking company active in New Jersey, Pennsylvania and Virginia. He was Executive Vice President and Chief Underwriting
Officer of Berkshire Hathaways USLI from 1994 through 2006. Mr. Holt began his insurance career in 1983 at General Reinsurance Corporation where he served as a vice President and Manager of the Casualty Individual Risk units in Chicago
and later, New York. Mr. Holt received a BA in English from Harvard College.
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