Intl Gnrl Insurance Hldngs Ltd Stock Price, News & Analysis

International General Insurance Holdings Ltd. (NASDAQ: IGIC) has established a new European subsidiary, IGI Europe, in Malta after receiving licensing from the Malta Financial Services Authority. This strategic move aims to enhance access to European markets post-Brexit. Keith Mallia-Milanes has been appointed CEO of IGI Europe, bringing over 35 years of industry experience. IGI Europe is authorized to underwrite a full range of IGI products and will utilize passport rights across the EU and EEA, positioning IGI for growth in the European insurance sector.

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.