IGI to Ring the NASDAQ Closing Bell on Thursday, November 17, 2022

Rhea-AI Summary

International General Insurance Holdings Ltd. (NASDAQ: IGIC) celebrated its 20th anniversary by ringing the NASDAQ Closing Bell in New York City. Chairman and CEO Wasef Jabsheh noted the significance of returning to NYC after more than two years. The event highlighted the company's milestones and growth since its NASDAQ listing on March 18, 2020. IGI operates in seven global offices and is committed to delivering long-term value to its partners and shareholders.

Positive

• Celebrated 20th anniversary, marking significant company milestones.
• Successfully listed on NASDAQ since March 18, 2020.

Negative

• Potential risks related to maintaining NASDAQ listing.
• Uncertainties surrounding the proposed acquisition of EIO.

HAMILTON, Bermuda--(BUSINESS WIRE)-- International General Insurance Holdings Ltd. (“IGI” or the “Company”) (NASDAQ: IGIC) announced that Wasef Jabsheh, IGI’s Chairman and CEO, will lead IGI in ringing the Closing Bell at the NASDAQ MarketSite in Times Square, New York City, today at 4:00 pm Eastern.

Joining in the celebration will be members of the Company’s Board of Directors, leadership team, and others who worked on the successful completion of IGI’s listing on NASDAQ on March 18, 2020.

“We are honoured to ring the Closing Bell at Nasdaq today, marking our 20^th anniversary in business,” said Mr. Jabsheh. “We are finally able to be back in New York City for the first time in over two years since listing on NASDAQ. In this time, we have achieved many milestones and grown our Company significantly, and our partnership with NASDAQ has allowed us to enhance the IGI brand.”

“In marking today’s celebration, I highlight the people of IGI who are spread across our 7 offices in Bermuda, London, Amman, Malta, Dubai, Casablanca and Kuala Lumpur. They are at the core of the success IGI has achieved over the past two decades, and together we look forward to building on our successes and to continuing to delivering long-term value to our partners and shareholders."

---

About IGI:

IGI is an international specialty risks commercial insurer and reinsurer underwriting a diverse portfolio of specialty lines. Established in 2001, IGI has a worldwide portfolio of energy, property, general aviation, construction & engineering, ports & terminals, marine cargo, marine trades, contingency, political violence, financial institutions, general third-party liability (casualty), legal expenses, professional indemnity, D&O, surety, marine liability and reinsurance treaty business. Registered in Bermuda, with operations in Bermuda, London, Malta, Dubai, Amman, Labuan and Casablanca, IGI aims to deliver outstanding levels of service to clients and brokers. IGI is rated “A” (Excellent)/Stable by AM Best and “A-”(Strong)/Stable by S&P Global Ratings. For more information about IGI, please visit www.iginsure.com.

---

Forward-Looking Statements:

This press release contains “forward-looking statements” within the meaning of the “safe harbour” provisions of the Private Securities Litigation Reform Act of 1995. The expectations, estimates, and projections of the business of IGI may differ from its actual results and, consequently, you should not rely on forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” “commitment,” and similar expressions are intended to identify such forward-looking statements. Forward-looking statements contained in this press release may include, but are not limited to, our expectations regarding the performance of our business, our financial results, our liquidity and capital resources, the outcome of our strategic initiatives, our expectations regarding pricing and other market conditions, and our growth prospects. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside of the control of IGI and are difficult to predict. Factors that may cause such differences include, but are not limited to: (1) changes in demand for IGI’s services together with the possibility that IGI may be adversely affected by other economic, business, and/or competitive factors globally and in the regions in which it operates; (2) competition, the ability of IGI to grow and manage growth profitably and IGI’s ability to retain its key employees; (3) changes in applicable laws or regulations; (4) the outcome of any legal proceedings that may be instituted against the Company; (5) the potential effects of the COVID-19 pandemic and emerging variants; (6) the effects of the hostilities between Russia and Ukraine and the sanctions imposed on Russia by the United States, European Union, United Kingdom and others; (7) the inability to maintain the listing of the Company’s common shares or warrants on Nasdaq; (8) the inability of the Company to complete the proposed acquisition of EIO or the failure to realize the anticipated benefits of the proposed acquisition of EIO; and (9) other risks and uncertainties indicated in IGI’s filings with the SEC. The foregoing list of factors is not exclusive. In addition, forward-looking statements are inherently based on various estimates and assumptions that are subject to the judgment of those preparing them and are also subject to significant economic, competitive, industry and other uncertainties and contingencies, all of which are difficult or impossible to predict and many of which are beyond the control of IGI. There can be no assurance that IGI’s financial condition or results of operations will be consistent with those set forth in such forward-looking statements. You should not place undue reliance upon any forward-looking statements, which speak only as of the date made. IGI does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions, or circumstances on which any such statement is based.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221117005609/en/

Investors:

Robin Sidders, Head of Investor Relations

T: + 44 (0) 2072 204937

M: + 44 (0) 7384 514785

Email: robin.sidders@iginsure.com



Media:

Aaida Abu Jaber, AVP PR & Marketing

T: +96265662082 Ext. 407

M: +962770415540

Email: aaida.abujaber@iginsure.com

Source: International General Insurance

FAQ

What is the significance of IGIC's 20th anniversary?

IGIC celebrated its 20th anniversary by ringing the NASDAQ Closing Bell, marking significant milestones since its listing.

When did IGIC get listed on NASDAQ?

IGIC was listed on NASDAQ on March 18, 2020.

Who led IGIC in ringing the NASDAQ Closing Bell?

Wasef Jabsheh, IGIC's Chairman and CEO, led the ceremony.

What risks does IGIC face related to its NASDAQ listing?

IGIC faces potential risks related to maintaining its NASDAQ listing which could impact its operations.

What are the uncertainties surrounding IGIC's acquisition of EIO?

There are uncertainties regarding whether IGIC can complete the proposed acquisition of EIO and realize its benefits.