International General Insurance Holdings' Financial Strength Ratings Confirmed by S&P Global

16 July 2020 —
Ltd. (IGI) announced that S&P Global Ratings has confirmed its financial strength ratings at A- 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.

S&P indicated the key factors in its decision were:
  • Strong risk-based capital adequacy and strong risk controls to manage IGI's key risk exposures;
  • Track record of technical outperformance relative to sector peers;
  • Experienced management team with a proven history of attracting high-calibre technical and underwriting staff.
IGI Chairman and CEO Wasef JABSHEH said, "We are pleased that S&P has taken the decision to reaffirm our ratings at A- with a Stable outlook, particularly given that IGI has transitioned to a publicly traded company in the U.S. since S&P's last ratings review. It also underscores the strength of the IGI brand - our balance sheet, our track record of profitable growth and our long-standing relationships."

IGI is an international specialty insurer and reinsurer, underwriting a diverse portfolio of specialty lines. Established in 2001, IGI is an entrepreneurial business with a worldwide portfolio of energy, property, construction & engineering, ports & terminals, financial institutions, casualty, legal expenses, general aviation, professional indemnity, marine liability, political violence, forestry and reinsurance treaty business. Registered in Bermuda, with operations in Bermuda, London, Dubai, Amman, Labuan and Casablanca, IGI always aims to deliver outstanding levels of service to clients and brokers. IGI is rated "A" (Excellent)/Stable by AM Best and "A-"/Stable by S&P Global Ratings.