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International General Insurance Holdings (IGI) (NASDAQ: IGIC) will begin trading at Lloyd’s from May 9, 2024, demonstrating its commitment to the London market. IGI will operate in Box 330A, Gallery 3, trading across different business lines to enhance distribution and brand recognition. This move aligns with IGI's strategic growth goals, offering efficient distribution capabilities in the London insurance marketplace.
IGI, a NASDAQ-listed company, reported strong financial results for Q1 2024, with $181.6M gross written premiums, $114.5M net premiums earned, $37.9M net income, and 74.1% combined ratio. Net income increased by 11.8% YoY, driven by underwriting and investment income growth. Core operating income rose to $40M, with a 29.2% core operating return on average equity. The company aims for sustainable long-term value creation.
