AM Best reaffirms IGI's financial strength ratings

13 October 2020 —
AM Best has reaffirmed International General Insurance Holdings Ltd. (IGI) financial strength ratings at A (Excellent) with a Stable outlook. The ratings apply to IGI's two subsidiaries: International General Insurance Co. Ltd. (Bermuda) and International General Insurance Company (UK) Ltd.

AM Best indicated the key factors in its decision were IGI's:
  • balance sheet strength, underpinned by risk-adjusted capitalization "at the strongest level"
  • strong operating performance, supported by robust and disciplined underwriting performance over the long-term
  • well-diversified business profile by line of business and geography with a high-quality reinsurance panel
  • well-developed enterprise risk management (ERM)

WasefJabsheh, IGI Chairman and CEO, said:

"We are pleased that AM Best has reaffirmed our financial strength ratings at A/Stable, while noting all of the qualities which we are most proud of - our strong balance sheet and risk culture, focused underwriting capabilities, and our long-standing track record of delivering consistently solid results. This is a testament to the hard work and commitment of the whole IGI team."