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.
International General Insurance Holdings Ltd. (NASDAQ: IGIC) has appointed Emily Clapham as Senior Underwriter for its newly launched Contingency insurance line. Clapham joins from Fidelis and has significant experience in contingency underwriting, having previously worked at Beazley. She will report to Richard Foster and operate from the London office, developing tailored insurance solutions for clients in the event and entertainment sectors. This move aligns with IGI's strategy to capitalize on improving market conditions following COVID-19 disruptions.
International General Insurance Holdings Ltd. (NASDAQ: IGIC) is set to release its financial results for Q1 2021 on May 20, 2021, after U.S. market close. The results, accompanied by a slide presentation, will be available on the Company's website. IGI is a specialist commercial insurer and reinsurer, established in 2001, with a global portfolio covering various sectors including energy, property, and marine. The company holds strong ratings from AM Best and S&P Global Ratings.
International General Insurance Holdings Ltd. (NASDAQ: IGIC) has filed its Annual Report on Form 20-F with the U.S. SEC, including audited financial statements for the year ended December 31, 2020. The report, filed on April 1, 2020, is accessible via IGI's website and the SEC’s site. IGI, a specialty risks commercial insurer and reinsurer, operates globally in multiple sectors including energy and marine insurance. The company holds strong ratings from AM Best and S&P Global Ratings.
International General Insurance Holdings Ltd. (IGIC) announced the hiring of Richard Foster as Head of Property, Political Violence and Contingency from Agile Risk Partners. Foster brings 24 years of specialty underwriting experience and will oversee IGI’s new contingency insurance line, designed to address market dislocations caused by COVID-19. This new line will cover event cancellations and other contractual obligations. CEO Andreas Loucaides expressed confidence in Foster's experience, highlighting the strategic growth for IGI’s specialty insurance portfolio.
International General Insurance Holdings Ltd. (NASDAQ: IGIC) has declared an ordinary common share dividend of $0.17 per share for the period from July 1, 2020, to December 31, 2020. This dividend is payable on April 20, 2021, to shareholders of record at the close of business on April 5, 2021. IGI specializes in a diverse portfolio of specialty lines, including energy, property, and general aviation, and is rated "A" (Excellent) by AM Best.
International General Insurance Holdings Ltd. (NASDAQ: IGIC) reported robust financial results for Q4 and FY 2020, highlighting a strong growth trajectory. Gross written premiums surged to $129.5 million for Q4, a 45.3% increase, while total premiums for the year hit $467.3 million, up 33.8% from 2019. The net profit rose to $10.9 million in Q4, and $31.6 million for the year, reflecting a solid earnings per share of $0.22 and $0.69 respectively. Notably, the combined ratio improved to 96.8% in Q4 and 89.3% for the year, indicating better underwriting profitability.
International General Insurance Holdings Ltd. (IGIC) will release its financial results for Q4 and full year 2020 on March 11, 2021, after U.S. markets close. An investor teleconference is scheduled for March 12, 2021, at 9:00 a.m. ET to discuss these results, accessible via phone or a live webcast on the company’s website. IGI operates as a specialist commercial insurer and reinsurer, rated 'A' (Excellent) by AM Best, with a diverse portfolio including energy, property, and marine sectors. For updates, visit their investor relations page.
International General Insurance Holdings Ltd. (IGIC) has been named 'Reinsurance Company of the Year' at the Middle East Insurance Industry Awards 2020, acknowledging its leadership, underwriting discipline, and commitment to diversity and corporate social responsibility. The awards, judged by a panel from over 200 entries, highlight IGI's strong performance amid challenging conditions. CEO Wasef Jabsheh expressed pride in the recognition and noted a strong performance in 2020. IGI is an established global insurer and reinsurer with significant operations across various regions.
International General Insurance Holdings Ltd. (NASDAQ:IGIC) reported strong financial results for Q3 and YTD 2020. Gross written premiums surged 36.9% to $101.2 million in Q3, while total for nine months reached $337.7 million (+29.8%). Net profit for Q3 was $9.5 million, up from $4.3 million YoY, with earnings per share increasing to $0.20. However, the combined ratio worsened to 93.7%, up from 89.3%. The company remains confident in its strategy, bolstered by robust pricing with a 21% rate increase for the year-to-date.
International General Insurance Holdings Ltd. (NASDAQ: IGIC) announced that AM Best has reaffirmed its financial strength ratings at A (Excellent) with a Stable outlook. This rating applies to IGI’s subsidiaries, International General Insurance Co. Ltd. (Bermuda) and International General Insurance Company (UK) Ltd. The affirmation is attributed to IGI’s strong balance sheet strength, excellent operating performance, diversified business profile, and effective enterprise risk management. CEO Wasef Jabsheh highlighted this as a testament to IGI's commitment and performance.
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