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International General Insurance Holdings Ltd - IGIC STOCK NEWS

Welcome to our dedicated news page for International General Insurance Holdings (Ticker: IGIC), a resource for investors and traders seeking the latest updates and insights on International General Insurance Holdings.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect International General Insurance Holdings's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of International General Insurance Holdings's position in the market.

News
IGI Announces Expiration and Results of the Offer to Purchase and Consent Solicitation Relating to its Warrants
Rhea-AI Summary
IGI completes tender process to purchase outstanding warrants at $0.95 per warrant in cash. 95% of public warrants and 100% of private warrants were tendered. Company expects to pay $15.7 million in cash. Warrant holders will receive $0.95 per share for each tendered warrant. The remaining warrants will be redeemed for $0.86 per warrant. No warrants will remain outstanding after October 4, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.75%
Tags
none
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News
IGI Announces Extension of the Expiration Date of the Offer to Purchase and Consent Solicitation Relating to its Warrants
Rhea-AI Summary
IGI extends expiration date of offer to purchase outstanding warrants, with 32% of public warrants and 100% of private warrants already tendered. Also soliciting consents to amend Warrant Agreement. 67.3% of public warrant holders and 88.9% of private warrant holders have agreed to tender their warrants and consent to the amendment.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.76%
Tags
none
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News
IGI Announces Extension of the Expiration of the Previously Commenced Offer to Purchase and Consent Solicitation Relating to its Warrants
Rhea-AI Summary
IGI extends expiration date for offer to purchase outstanding warrants, with 29% of public warrants and 11% of private warrants tendered. Consent solicitation underway to amend warrant agreement. Warrant Amendment would allow redemption at $0.86, 10% less than purchase price. Majority of warrant holders have agreed to tender and support agreement. Offer and Consent Solicitation being made through SEC filings. BofA Securities appointed as dealer manager. Holders urged to read offer materials.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.09%
Tags
none
News
IGI Reports Second Quarter and First Half Year 2023 Condensed and Unaudited Financial Results
Rhea-AI Summary
International General Insurance Holdings Ltd. (IGI) reported financial results for Q2 and the first six months of 2023. Gross written premiums increased to $199.6 million in Q2, compared to $180.7 million in Q2 2022. Net premiums earned also increased to $118.4 million in Q2, compared to $96.0 million in Q2 2022. Underwriting income was $50.2 million in Q2, compared to $40.3 million in Q2 2022. Net income for the period was $40.5 million in Q2, compared to $22.0 million in Q2 2022.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.98%
Tags
earnings
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News
IGI Announces Commencement of an Offer to Purchase and Consent Solicitation Relating to its Warrants
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.11%
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none
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News
IGI to Release Second Quarter and Half Year 2023 Financial Results on August 15, 2023
Rhea-AI Summary
International General Insurance Holdings Ltd. (IGI) will release its financial results for the second quarter and first six months of 2023 on August 15, 2023. The results will be posted on the company's website and accompanied by a slide presentation. An investor teleconference will be held on August 16, 2023, to discuss the financial results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.57%
Tags
earnings
News
IGI Announces Waleed Jabsheh to Succeed Wasef Jabsheh as CEO
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.25%
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none
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News
IGI Announces Quarterly Ordinary Common Share Dividend
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.59%
Tags
dividends
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News
IGI Reports First Quarter 2023 Condensed and Unaudited Financial Results
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.47%
Tags
earnings
News
IGI to Release First Quarter 2023 Financial Results on May 16, 2023
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.11%
Tags
earnings
Stock IGIC logo
International General Insurance Holdings Ltd

Nasdaq:IGIC

IGIC Rankings

#2772 Ranked by Market Cap
#454 Ranked by Stock Gains
#2053 Ranked by Dividends

IGIC Stock Data

620.62M
16.66M
50.89%
51.31%
0.11%
Other Direct Insurance (except Life, Health, and Medical) Carriers
Finance and Insurance
Link
Jordan
Amman

About IGIC

international general insurance holdings limited (igih) is registered in the dubai international financial centre (difc) with operations in bermuda, the united kingdom, jordan and malaysia. the igi group commenced operations in march 2002 and has evolved as a major participant within its specialised lines of business. the group underwrites a worldwide portfolio of energy, property, marine, construction and engineering, financial institutions, general aviation, casualty, ports & terminals, political violence and non-proportional reinsurance treaty business with the main geographical focus on the afro – asian markets. igi bermuda is a class 3b (re)insurer regulated by the bermuda monetary authority (bma) and is the principal underwriting entity for the group with the jordan office (igi underwriting company limited amman) providing all management, underwriting and operational functions. igi bermuda is rated a-(excellent) with a stable outlook by a.m. best company. igih has two sub