GEORGE TOWN, Cayman Islands, Dec. 8 /PRNewswire-FirstCall/ -- United America Indemnity, Ltd. (Nasdaq: INDM) ("UAI") today announced the appointment of Thomas M. McGeehan as its Senior Vice President and Chief Financial Officer. The appointment is effective today. Mr. McGeehan will report directly to Larry A. Frakes, President and Chief Executive Officer of UAI and its wholly owned subsidiary, United America Indemnity Group, Inc.

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"After meeting with a number of high caliber external candidates, we came to the conclusion that the best candidate for this demanding role came from within the organization," said Larry Frakes, President and Chief Executive Officer of UAI. "Tom has been with the organization for over eight years, and has been an active participant in its development and evolution. Both his in-depth historical knowledge of UAI and his robust understanding of the multi-faceted financial requirements for this global organization make him well suited for this position."

"Over the past year and a half during which Tom served as Interim Chief Financial Officer, he demonstrated the experience, judgment, work ethic, professionalism, integrity, and management skills required by this demanding position," added Saul Fox, Chairman of UAI and CEO of Fox Paine & Company, whose affiliates together constitute UAI's majority shareholder. "We are delighted by Tom's appointment."

Mr. McGeehan was appointed UAI's Interim Chief Financial Officer in May 2008, as Vice President in February 2006 and as Corporate Controller in September 2005. He joined UAI's predecessor companies in May 2001 as Vice President and Controller from Colonial Penn Insurance Company, a subsidiary of General Electric Financial Assurance, where he worked from 1985 until 2001, ultimately serving as Assistant Vice President Finance / Marketing & Accounting. Mr. McGeehan received a Bachelor's of Business Administration from Temple University; a Master of Business Administration from La Salle University; and a Master of Taxation from Villanova University.

About United America Indemnity, Ltd.

United America Indemnity, Ltd. (Nasdaq: INDM), through its several direct and indirect wholly owned subsidiary insurance and reinsurance companies, is a national and international provider of excess and surplus lines and specialty property and casualty insurance and reinsurance, both on an admitted and nonadmitted basis. The Company's four principal divisions include:

-- Penn-America Group(R), which distributes its property and casualty products to small commercial businesses through a select network of general agents with specific binding authority.

-- United National Group(R), which distributes its program and professional lines products through program administrators with specific binding authority.

-- Diamond State Group(R), which distributes its property, casualty and professional lines products through wholesale brokers.

-- Wind River Reinsurance Company, Ltd., a Bermuda based treaty and facultative reinsurer of excess and surplus lines and specialty property and casualty insurance.

For more information, visit the United America Indemnity, Ltd. Website at www.uai.ky.

Forward-Looking Information

This release contains forward-looking information about United America Indemnity, Ltd. and the operations of United America Indemnity, Ltd. that is intended to be covered by the safe harbor for forward-looking statements provided by the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical facts. These statements can be identified by the use of forward-looking terminology such as "believe," "expect," "may," "will," "should," "project," "plan," "seek," "intend," or "anticipate" or the negative thereof or comparable terminology, and include discussions of strategy, financial projections and estimates and their underlying assumptions, statements regarding plans, objectives, expectations or consequences of the transactions, and statements about the future performance, operations, products and services of the companies.

The business and operations of United America Indemnity, Ltd. are and will be subject to a variety of risks, uncertainties and other factors. Consequently, actual results and experience may materially differ from those contained in any forward-looking statements. Such risks, uncertainties and other factors that could cause the Company's results and experience to differ from those projected include, but are not limited to, the following: (1) the ineffectiveness of United America Indemnity, Ltd.'s business strategy due to changes in current or future market conditions; (2) the effects of competitors' pricing policies, and of changes in laws and regulations on competition, including industry consolidation and development of competing financial products; (3) greater frequency or severity of claims and loss activity than United America Indemnity, Ltd.'s underwriting, reserving or investment practices have anticipated; (4) decreased level of demand for United America Indemnity, Ltd.'s insurance products or increased competition due to an increase in capacity of property and casualty insurers; (5) risks inherent in establishing loss and loss adjustment expense reserves; (6) uncertainties relating to the financial ratings of United America Indemnity, Ltd.'s insurance subsidiaries; (7) uncertainties arising from the cyclical nature of United America Indemnity, Ltd.'s business; (8) changes in United America Indemnity, Ltd.'s relationships with, and the capacity of, its general agents; (9) the risk that United America Indemnity, Ltd.'s reinsurers may not be able to fulfill obligations; (10) investment performance and credit risk; and (11) uncertainties relating to governmental and regulatory policies. The foregoing review of important factors should be read in conjunction with the other cautionary statements that are included in United America Indemnity, Ltd.'s Annual Report on Form 10-K for the fiscal year ended December 31, 2009, as well as in the materials filed and to be filed with the SEC. United America Indemnity, Ltd. does not make any commitment to revise or update any forward- looking statements in order to reflect events or circumstances occurring or existing after the date any forward-looking statement is made.

    Contacts:  Media
    J. Nicole Pryor
    Vice President and Associate General Counsel
    npryor@yuaigroupinc.com

SOURCE United America Indemnity, Ltd.

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