Welcome to our dedicated page for Intl Gnrl Insurance Hldngs news (Ticker: IGIC), a resource for investors and traders seeking the latest updates and insights on Intl Gnrl Insurance Hldngs stock.
International General Insurance Holdings Ltd. (IGI) (NASDAQ: IGIC) is an international specialty risks commercial insurer and reinsurer that regularly publishes detailed updates on its business through press releases and SEC filings. This news page aggregates coverage of IGI’s announcements so readers can review how the company’s specialty insurance and reinsurance activities evolve over time.
IGI’s news flow often centers on its financial performance and capital management. The company issues releases on quarterly and year-to-date unaudited financial results, highlighting gross written premiums, net premiums earned, underwriting income, loss ratios, combined ratios, investment income, net income and segment performance across its Specialty Short-tail, Specialty Long-tail and Reinsurance segments. These updates also discuss the impact of catastrophe losses and currency revaluation movements on results.
Investors following IGIC can also find announcements on ordinary common share dividends, common share repurchase authorizations, and the use of existing repurchase programs. News items describe dividend amounts for specific periods, payment and record dates, and changes to share repurchase authorizations, as well as commentary on book value per share and total shareholders’ equity.
Other recurring topics in IGI’s news include credit rating actions from AM Best and S&P Global Ratings, management appointments, investor conference participation, and the scheduling of earnings releases and investor teleconferences. The company also releases information about investor presentations and webcasts that accompany its financial disclosures.
By reviewing the IGIC news feed on this page, readers can track how IGI communicates its specialty lines portfolio performance, capital allocation decisions, rating developments and corporate governance events. This provides a centralized view of the company’s public updates for those researching International General Insurance Holdings Ltd. and its Nasdaq-listed shares.
International General Insurance Holdings Ltd. (NASDAQ: IGIC) reported solid Q1 2021 results, achieving gross written premiums of $100.6 million, up from $99.2 million in Q1 2020. Net premiums earned increased 20% to $82.3 million, while net profit reached $14.5 million, compared to a loss of $0.9 million a year earlier. The company’s combined ratio was 84.6%, slightly up from 81.3%. Core operating income rose to $14.7 million. The company is also expanding into the contingency market and establishing a European platform in Malta.
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.