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International General Insurance Holdings Ltd. Ordinary Share - IGIC STOCK NEWS

Welcome to our dedicated page for International General Insurance Holdings Ltd. Ordinary Share news (Ticker: IGIC), a resource for investors and traders seeking the latest updates and insights on International General Insurance Holdings Ltd. Ordinary Share stock.

International General Insurance Holdings Ltd. (symbol: IGIC) is a leading commercial insurer and reinsurer with a global footprint and a specialized focus on a wide array of specialty lines. Established in March 2002, the company has grown to become a significant player in the insurance sector, operating out of the Dubai International Financial Centre (DIFC) with additional offices in Bermuda, the United Kingdom, Jordan, and Malaysia.

IGIC underwrites a diverse portfolio that includes Energy, Property, Marine, Construction and Engineering, Financial Institutions, General Aviation, Casualty, Ports & Terminals, Political Violence, and non-proportional reinsurance treaty business, with a significant presence in Afro-Asian markets. This extensive portfolio allows the company to cater to a wide range of industries and client needs.

The principal underwriting entity for IGIC is IGI Bermuda, a Class 3B insurer regulated by the Bermuda Monetary Authority (BMA). The Bermuda office is complemented by IGI Underwriting Company Limited in Amman, Jordan, which provides essential management, underwriting, and operational functions. Reflecting its strong financial standing, IGI Bermuda boasts an A- (Excellent) rating with a stable outlook from A.M. Best Company.

IGIC's journey over the years has been marked by strategic growth and resilience, underscored by its commitment to providing top-tier insurance solutions. The company's primary business segments include Specialty Longtail, Specialty Short Tail, and Reinsurance, each addressing specific market needs with tailored products.

Recent news highlights IGIC's ongoing efforts to innovate and expand, including new partnerships and strategic initiatives aimed at enhancing their service offerings and market reach. Investors and stakeholders can rely on IGIC's robust performance and strategic vision to navigate the complexities of the insurance landscape.

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IGI Reports Strong Financial Results for Q3 and First Nine Months of 2023, Achieving Healthy Premium Growth and Improved Underwriting Income. CEO Waleed Jabsheh Highlights the Company's Discipline and Profitable Growth Trajectory, Expecting to Continue Delivering Value to Stakeholders in 2024.
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IGI to release Q3 and 9-month 2023 financial results
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IGI to redeem untendered warrants at a price of $0.86 per warrant on October 4, 2023. 697,970 warrants remain untendered and subject to redemption.
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IGI completes tender process to purchase outstanding warrants at $0.95 per warrant in cash. 95% of public warrants and 100% of private warrants were tendered. Company expects to pay $15.7 million in cash. Warrant holders will receive $0.95 per share for each tendered warrant. The remaining warrants will be redeemed for $0.86 per warrant. No warrants will remain outstanding after October 4, 2023.
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IGI extends expiration date of offer to purchase outstanding warrants, with 32% of public warrants and 100% of private warrants already tendered. Also soliciting consents to amend Warrant Agreement. 67.3% of public warrant holders and 88.9% of private warrant holders have agreed to tender their warrants and consent to the amendment.
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IGI extends expiration date for offer to purchase outstanding warrants, with 29% of public warrants and 11% of private warrants tendered. Consent solicitation underway to amend warrant agreement. Warrant Amendment would allow redemption at $0.86, 10% less than purchase price. Majority of warrant holders have agreed to tender and support agreement. Offer and Consent Solicitation being made through SEC filings. BofA Securities appointed as dealer manager. Holders urged to read offer materials.
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International General Insurance Holdings Ltd. (IGI) reported financial results for Q2 and the first six months of 2023. Gross written premiums increased to $199.6 million in Q2, compared to $180.7 million in Q2 2022. Net premiums earned also increased to $118.4 million in Q2, compared to $96.0 million in Q2 2022. Underwriting income was $50.2 million in Q2, compared to $40.3 million in Q2 2022. Net income for the period was $40.5 million in Q2, compared to $22.0 million in Q2 2022.
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International General Insurance Holdings Ltd. (IGI) will release its financial results for the second quarter and first six months of 2023 on August 15, 2023. The results will be posted on the company's website and accompanied by a slide presentation. An investor teleconference will be held on August 16, 2023, to discuss the financial results.
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FAQ

What is the current stock price of International General Insurance Holdings Ltd. Ordinary Share (IGIC)?

The current stock price of International General Insurance Holdings Ltd. Ordinary Share (IGIC) is $23.89 as of December 20, 2024.

What is the market cap of International General Insurance Holdings Ltd. Ordinary Share (IGIC)?

The market cap of International General Insurance Holdings Ltd. Ordinary Share (IGIC) is approximately 1.1B.

What does International General Insurance Holdings Ltd. (IGIC) specialize in?

IGIC specializes in underwriting a diverse portfolio of specialty lines including energy, property, marine, construction and engineering, financial institutions, and more.

Where is IGIC headquartered?

IGIC is registered in the Dubai International Financial Centre (DIFC) and operates additional offices in Bermuda, the United Kingdom, Jordan, and Malaysia.

When was IGIC established?

IGIC commenced operations in March 2002.

What is the financial rating of IGI Bermuda?

IGI Bermuda is rated A- (Excellent) with a stable outlook by A.M. Best Company.

Which markets does IGIC primarily focus on?

IGIC primarily focuses on the Afro-Asian markets.

What are the main business segments of IGIC?

The main business segments of IGIC are Specialty Longtail, Specialty Short Tail, and Reinsurance.

How does IGIC ensure operational efficiency?

IGIC ensures operational efficiency through its offices in Bermuda and Jordan, which handle essential management, underwriting, and operational functions.

What are some of the key areas IGIC underwrites?

Key areas include energy, property, marine, construction and engineering, financial institutions, general aviation, casualty, ports and terminals, political violence, and treaty reinsurance.

What recent initiatives has IGIC undertaken?

Recent initiatives include new partnerships and strategic efforts to enhance their service offerings and expand market reach.

What regulatory body oversees IGI Bermuda?

IGI Bermuda is regulated by the Bermuda Monetary Authority (BMA).

International General Insurance Holdings Ltd. Ordinary Share

Nasdaq:IGIC

IGIC Rankings

IGIC Stock Data

1.09B
26.47M
50.89%
51.31%
0.39%
Insurance - Diversified
Financial Services
Link
United States of America
Amman