Exhibit 99.1

PRESS RELEASE

For release:	November 9, 2010
Contact:	Media
	Linda Hohn
	Associate General Counsel
	(610) 660-6862
	lhohn@global-indemnity.com

Global Indemnity plc Reports Third Quarter 2010 Financial Results & Profitability Enhancement Initiative

Dublin, Ireland (November 9, 2010) — Global Indemnity plc (NASDAQ:GBLI) today reported net income for the three months ended September 30, 2010 of $19.8 million or $0.65 per share and for the nine months of $63.2 million or $2.09 per share. As of September 30, book value per share increased to $30.01 or by 12.3% on an annualized basis from $27.48 per share at December 31, 2009. The Company also announced an initiative to enhance profitability and earnings through reducing its U.S. based census by approximately 25%, closing underperforming U.S. facilities, and supplementing staffing in Bermuda and in Ireland.

Selected Operating and Balance Sheet Data

	For the Three Months				For the Nine Months
	Ended September 30,				Ended September 30,
(Dollars in millions, except per share data)	2010		2009		2010		2009
Gross Premiums Written	$	86.2	$	75.8	$	271.1	$	266.5
Net Premiums Written	$	73.2	$	62.9	$	234.2	$	227.0
Net income	$	19.8	$	27.4	$	63.2	$	50.8
Net income per share	$	0.65	$	0.91	$	2.09	$	2.08	(a)
Operating income	$	18.5	$	22.6	$	47.1	$	48.8
Operating income per share	$	0.61	$	0.75	$	1.56	$	2.00	(a)

	As of		As of		As of		As of
	September 30,		June 30,		March 31,		December 31,
(Dollars in millions, except per share amounts)	2010		2010		2010		2009
Book value per share	$	30.01	$	28.73	$	28.05	$	27.48
Shareholders’ equity	$	911.2	$	872.3	$	850.6	$	832.0
Cash and invested assets	$	1,709.6	$	1,683.5	$	1,731.1	$	1,731.3

(a) On May 5, 2009 shares were issued in conjunction with the Rights Offering. If the rights offering was completed on January 1, 2009, net income per share would have been $1.69 and Operating income per share would have been $1.62.

Larry A. Frakes, President and Chief Executive Officer, stated, “In the face of a very competitive commercial lines property & casualty market, the company continued to build shareholder value, as indicated by the 12.3% annualized rate of growth in book value per share for the nine months ended September 30 as well as our first growth in premiums since 2006. These results were achieved while maintaining strict underwriting discipline and reducing fixed income volatility in our investment portfolio.” Mr. Frakes added, “In addition, post the end of the quarter, on November 4, the company implemented its Profitability Enhancement Initiative that is expected to increase annual pre-tax earnings starting in 2011 by approximately $9.0 to $11.3 million at the cost of a one-time after tax charge to year end 2010 earnings of approximately $4.3 million to $6.5 million.”

About Global Indemnity plc and its subsidiaries

Global Indemnity plc (NASDAQ:GBLI), through its several direct and indirect wholly owned subsidiary insurance and reinsurance companies, provides both admitted and non-admitted specialty property and casualty insurance coverages in the United States, as well as reinsurance throughout the world. Global Indemnity plc’s two primary divisions are:

• United States Based Insurance Operations

• Ireland & Bermuda Based Reinsurance Operations

For more information, visit the Global Indemnity plc website at http://www.globalindemnity.ie.

Forward-Looking Information

Forward-looking statements contained in this press release are made under the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and involve a number of risks and uncertainties. These statements include statements regarding expected costs and savings resulting from our Profitability Enhancement Initiative. Such costs include severance, contract terminations, lease abandonment, fixed asset write-offs and other charges and could include unanticipated costs. We caution investors that our actual costs and savings may be materially different from the estimates expressed in, or implied, or projected by, the forward looking statements. Please see our periodic reports filed with the Securities and Exchange Commission for a discussion of the risks and uncertainties which may affect us and for a more detailed discussion of our cautionary note regarding forward-looking statements.

# # #
Note: Tables Follow

Global Indemnity plc’s Combined Ratio for the Three and Nine Months Ended September 30, 2010 and 2009

The combined ratio is a key measure of insurance profitability. The components comprising the combined ratio are as follows:

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2010			2009			2010			2009
Loss Ratio:
Current Accident Year		64.0			55.6			64.0			59.8
Changes to Prior Accident Year		(21.5	)		(2.2	)		(15.6	)		(2.0	)
Loss Ratio — Calendar Year		42.5			53.4			48.4			57.8
Expense Ratio		40.7			37.8			40.7			39.1
Combined Ratio		83.2			91.2			89.1			96.9

For the three months ended September 30^th, the calendar year loss ratio decreased by 10.9 points to 42.5 in 2010 from 53.4 in 2009.

• The current accident year loss ratio increased by 8.4 points to 64.0 in 2010 from 55.6 in 2009.

• The property loss ratio increased by 15.5 points to 55.0 in 2010 from 39.5 in 2009 primarily due to increased catastrophe related losses from our reinsurance operations and increased reinsurance costs in our insurance operations.

• The casualty loss ratio increased 3.5 points to 72.0 in 2010 from 68.5 in 2009.

• Current year results include a 21.5 point reduction in the loss ratio related to prior accident years due to a reduction of $16.9 million of loss and loss adjustment expenses in the insurance operation’s property and casualty lines, partially offset by a $1.8 million increase in the reinsurance operation’s casualty lines.

For the three months ended September 30^th, the expense ratio increased from 37.8 in 2009 to 40.7 in 2010.

• The expense ratio increase is mainly attributable to a decrease in net premiums earned, partially offset by an increase in business from reinsurance operations, which has a lower expense ratio than insurance operations. In addition, the third quarter of 2009 included a reduction in employee incentive expenses.

For the nine months ended September 30^th, the calendar year loss ratio decreased by 9.4 points to 48.4 in 2010 from 57.8 in 2009.

• The current accident year loss ratio increased by 4.2 points to 64.0 in 2010 from 59.8 in 2009.

• The property loss ratio increased by 9.5 points to 57.4 in 2010 from 47.9 in 2009 primarily due to increased catastrophe related losses from our reinsurance operations and increased reinsurance costs in our insurance operations.

• The casualty loss ratio increased 0.7 points to 69.3 in 2010 from 68.6 in 2009.

• Current year results include a 15.6 point reduction in the loss ratio related to prior accident years due to a reduction of $34.8 million of loss and loss adjustment expenses primarily in the insurance operation’s casualty lines, partially offset by an increase of $1.0 million in the reinsurance operation’s casualty lines.

For the nine months ended September 30^th, the expense ratio increased from 39.1 in 2009 to 40.7 in 2010.

• The expense ratio increase is mainly attributable to a decline in net premiums earned and the incurrence of infrastructure costs related to new product development and information technology upgrades, partially offset by an increase in business from reinsurance operations, which has a lower expense ratio than insurance operations.

Global Indemnity plc’s Three Months Ended September 30, 2010 and 2009 Gross and Net Premiums Written Results by Business Unit

	Three Months Ended September 30,
	Gross Premiums Written				Net Premiums Written
(Dollars in thousands)	2010		2009		2010		2009
Insurance Operations	$	66,213	$	67,368	$	53,185	$	54,510
Reinsurance Operations		20,022		8,438		20,021		8,422
Total	$	86,235	$	75,806	$	73,206	$	62,932

Insurance Operations: Gross premiums written for the three months ended September 30, 2010 decreased 1.7%, and net premiums written for the three months ended September 30, 2010 decreased 2.4%, compared to the same period in 2009. The decrease in gross premium is mainly due to price decreases of approximately 2.0%.

Reinsurance Operations: Gross premiums written for the three months ended September 30, 2010 increased 137.3%, and net premiums written increased 137.7%, compared to the same period in 2009. The increase in gross and net premiums written is primarily due to new excess of loss and quota share treaties.

Global Indemnity plc’s Nine Months Ended September 30, 2010 and 2009 Gross and Net Premiums Written Results by Business Unit

	Nine Months Ended September 30,
	Gross Premiums Written				Net Premiums Written
(Dollars in thousands)	2010		2009		2010		2009
Insurance Operations	$	181,815	$	207,675	$	145,674	$	168,770
Reinsurance Operations		89,323		58,799		88,536		58,253
Total	$	271,138	$	266,474	$	234,210	$	227,023

Insurance Operations: Gross premiums written for the nine months ended September 30, 2010 decreased 12.5%, and net premiums written for the nine months ended September 30, 2010 decreased 13.7%, compared to the same period in 2009. The decrease in gross premium is comprised mainly of the following:

• $10.0 million due to terminated programs and agents.

• Price decreases in aggregate of approximately 2.3%.

• Continued soft market conditions.

Reinsurance Operations: Gross premiums written for the nine months ended September 30, 2010 increased 51.9%, and net premiums written increased 52.0%, compared to the same period in 2009. The increase in gross and net premiums written is primarily due to new excess of loss and quota share treaties.

Larry A. Frakes, President & Chief Executive Officer, stated, “We are pleased with the production from our U.S. insurance operations and our Bermuda reinsurance operations. The initiatives that we have put in place in the US are taking hold. While we continue to face strong competition, especially in the small business binding arena, we are realizing growth from our brokerage operations. Over the last several years, we have grown our reinsurance operation at Wind River. Wind River has strategic relationships with a select group of clients and distributors. The book is well balanced geographically and by product line. We remain very optimistic about our growth prospects.”

GLOBAL INDEMNITY PLC
CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)
(Dollars and shares in thousands, except per share data)

	For the Three Months					For the Nine Months
	Ended September 30,					Ended September 30,
	2010		2009			2010			2009
Gross premiums written	$	86,235	$	75,806		$	271,138		$	266,474
Net premiums written	$	73,206	$	62,932		$	234,210		$	227,023
Net premiums earned	$	70,089	$	72,893		$	215,579		$	226,165
Investment income, net		14,089		15,267			42,609			54,049
Net realized investment gains		1,818		6,613			21,619			3,415
Other income		173		—			515			—
Total revenues		86,169		94,773			280,322			283,629
Net losses and loss adjustment expenses		29,789		38,887			104,253			130,674
Acquisition costs and other underwriting expenses		28,541		27,564			87,697			88,350
Corporate and other operating expenses		5,106		4,676			15,065			12,314
Interest expense		1,825		1,776			5,397			5,462
Income before income taxes		20,908		21,870			67,910			46,829
Income tax expense (benefit)		1,146		(2,673	)		4,706			808
Net income before equity in net income of partnership		19,762		24,543			63,204			46,021
Equity in net income (loss) of partnership, net of tax		—		2,809			(29	)		4,742
Net income	$	19,762	$	27,352		$	63,175		$	50,763
Weighted average shares outstanding—basic (1) (2)		30,274		30,145			30,222			24,403
Weighted average shares outstanding—diluted (1) (2)		30,308		30,156			30,246			24,423
Net income per share — basic (2)	$	0.65	$	0.91		$	2.09		$	2.08
Net income per share — diluted (2)	$	0.65	$	0.91		$	2.09		$	2.08
Combined ratio analysis: (3)
Loss ratio		42.5		53.4			48.4			57.8
Expense ratio		40.7		37.8			40.7			39.1
Combined ratio		83.2		91.2			89.1			96.9

(1)	In computing the basic and diluted weighted share counts the number of shares outstanding prior to May 5, 2009 (the date that the common stock was issued in conjunction with the stockholders’ rights offering) was adjusted by a factor of 1.114 to reflect the impact of a bonus element associated with the rights offering in accordance with GAAP.
(2)	Shares outstanding and per share amounts have been restated to reflect the 1-for-2 stock exchange effective July 2, 2010 when the Company completed its redomestication to Ireland.
(3)	The loss ratio, expense ratio and combined ratio are non-GAAP financial measures that are generally viewed in the insurance industry as indicators of underwriting profitability. The loss ratio is the ratio of net losses and loss adjustment expenses to net premiums earned. The expense ratio is the ratio of acquisition costs and other underwriting expenses to net premiums earned. The combined ratio is the sum of the loss and expense ratios.

GLOBAL INDEMNITY PLC
CONSOLIDATED BALANCE SHEETS
(Unaudited)
(Dollars in thousands)

	As of			As of
	September 30,			December 31,
	2010			2009
ASSETS
Fixed Maturities:
Available for sale securities, at fair value (amortized cost: 2010 — $1,409,580 and 2009 — $1,423,050)	$	1,477,061		$	1,471,572
Preferred shares:
Available for sale securities, at fair value (cost: 2010 — $930 and 2009 — $1,509)		2,408			2,599
Common shares:
Available for sale securities, at fair value (cost: 2010 — $117,654 and 2009 — $50,709)		130,472			63,057
Other invested assets:
Available for sale securities, at fair value (cost: 2010 — $4,255 and 2009 — $4,323)		4,115			6,854
Securities classified as trading, at fair value (cost: 2010 — $1,100 and 2009 — $1,145)		1,100			1,145
Total investments		1,615,156			1,545,227
Cash and cash equivalents		94,397			186,087
Agents’ balances		68,600			69,711
Reinsurance receivables		463,111			543,351
Federal income taxes receivables		7,785			3,521
Deferred federal income taxes		6,926			13,819
Deferred acquisition costs		36,095			33,184
Goodwill		4,820			—
Intangible assets		19,177			9,236
Prepaid reinsurance premiums		12,064			16,546
Other assets		24,898			25,098
Total assets	$	2,353,029		$	2,445,780
LIABILITIES AND SHAREHOLDERS’ EQUITY
Liabilities:
Unpaid losses and loss adjustment expenses	$	1,120,463		$	1,257,741
Unearned premiums		145,733			131,582
Ceded balances payable		5,175			16,009
Contingent commissions		6,720			11,169
Notes and debentures payable		121,356			121,569
Payable for securities		10,857			37,258
Other liabilities		31,491			38,476
Total liabilities		1,441,795			1,613,804
Shareholders’ equity:
Common shares, $0.0001 par value, 900,000,000 common shares authorized; Class A common shares issued: 21,340,821 and 21,243,345 respectively; Class A common shares outstanding: 18,302,058 and 18,215,239, respectively; Class B common shares issued and outstanding: 12,061,370 and 12,061,370, respectively		3			3
Additional paid-in capital		621,965			619,473
Accumulated other comprehensive income		62,235			48,481
Class A common shares in treasury, at cost: 3,038,763 and 3,028,106 shares, respectively		(100,883	)		(100,720	)
Retained earnings		327,914			264,739
Total shareholders’ equity		911,234			831,976
Total liabilities and shareholders’ equity	$	2,353,029		$	2,445,780

Share amounts have been restated to reflect the 1-for-2 stock exchange effective July 2, 2010 when the Company completed its redomestication to Ireland.

GLOBAL INDEMNITY PLC
SELECTED INVESTMENT DATA
(Unaudited)
(Dollars in millions)

	Market Value as of
	Sept 30,		Dec 31,
	2010		2009
Fixed Maturities	$	1,477.1	$	1,471.6
Cash and cash equivalents		94.4		186.1
Total bonds and cash and cash equivalents		1,571.5		1,657.7
Equities and other invested assets		138.1		73.6
Total cash and invested assets	$	1,709.6	$	1,731.3

	September 30, 2010 (a)
	Three Months			Nine Months
	Ended			Ended
Net investment income	$	12.0		$	36.1
Net realized investment gains		1.3			16.0
Net unrealized investment gains		18.3			13.8
Net realized and unrealized investment returns		19.6			29.8
Total investment return	$	31.6		$	65.9
Average total cash and invested assets (b)	$	1,686.6		$	1,696.4
Total investment return % annualized		7.5	%		5.2	%

(a)	Amounts in this table are shown on an after-tax basis.
(b)	Simple average of beginning and end of period, net of payable for securities.

GLOBAL INDEMNITY PLC
SUMMARY OF OPERATING INCOME
(Unaudited)
(Dollars and shares in thousands, except per share data)

	For the Three Months				For the Nine Months
	Ended September 30,				Ended September 30,
	2010		2009		2010		2009
Operating income	$	18,490	$	22,590	$	47,109	$	48,773
Adjustments:
Net realized investment gains, net of tax		1,272		4,762		16,066		1,990
Total after-tax adjustments		1,272		4,762		16,066		1,990
Net income	$	19,762	$	27,352	$	63,175	$	50,763
Weighted average shares outstanding — basic (1) (2)		30,274		30,145		30,222		24,403
Weighted average shares outstanding — diluted (1) (2)		30,308		30,156		30,246		24,423
Operating income per share — basic (2)	$	0.61	$	0.75	$	1.56	$	2.00
Operating income per share — diluted (2)	$	0.61	$	0.75	$	1.56	$	2.00

(1)	In computing the basic and diluted weighted share counts the number of shares outstanding prior to May 5, 2009 (the date that the common stock was issued in conjunction with the stockholders’ rights offering) was adjusted by a factor of 1.114 to reflect the impact of a bonus element associated with the rights offering in accordance with GAAP.
(2)	Shares outstanding and per share amounts have been restated to reflect the 1-for-2 stock exchange effective July 2, 2010 when the Company completed its redomestication to Ireland.

Note Regarding Operating Income

Operating income, a non-GAAP financial measure, is equal to net income excluding after-tax net realized investment gains (losses). Operating income is not a substitute for net income determined in accordance with GAAP, and investors should not place undue reliance on this measure.