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International General Insurance Holdings Ltd. reports developments for an international specialty risks commercial insurer and reinsurer underwriting energy, property, construction and engineering, ports and terminals, general aviation, marine, political violence, financial institutions, professional indemnity, D&O and treaty reinsurance business. Its operating disclosures commonly discuss the Specialty Longtail, Specialty Short-tail and Reinsurance segments, with premiums, underwriting income, combined ratio, net investment income and book value measures.
Company updates also include ordinary and extraordinary common share dividends, annual Form 20-F filing announcements, investor presentations and board or committee changes. IGI is registered in Bermuda and operates across insurance-market hubs including Bermuda, London, Malta, Dubai, Amman, Oslo, Kuala Lumpur and Casablanca.
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.