IGI launches Cipher cyber reinsurance MGA, 60% owned

Rhea-AI Filing Summary

International General Insurance Holdings Ltd. (IGIC) announced the launch of Cipher Underwriting Ltd., a Bermuda-based specialty treaty reinsurance managing general agent focused on cyber risk. Cipher will provide dedicated cyber treaty underwriting expertise globally, with operations commencing subject to regulatory approvals, including registration and licensing by the Bermuda Monetary Authority.

IGI, through its wholly owned subsidiary IGI Managing Agencies Holdings Ltd., will own a 60% interest in Cipher. Led by reinsurance specialist Ari Chatterjee, Cipher is designed as an AI-integrated MGA platform to build a global portfolio of specialty cyber treaty business and marks the first venture under the newly formed IGI Managing Agencies to develop new product lines and strategic partnerships.

Key Figures

IGI ownership interest in Cipher: 60% Ari Chatterjee industry experience: more than 20 years Ari Chatterjee cyber reinsurance experience: over a decade +3 more

6 metrics

IGI ownership interest in Cipher 60% IGI holds this stake in Cipher through IGI Managing Agencies Holdings Ltd.

Ari Chatterjee industry experience more than 20 years Described tenure in the insurance and reinsurance industry

Ari Chatterjee cyber reinsurance experience over a decade Experience specifically in cyber reinsurance, including setting market standards

Year IGI was established 2001 Founding year of IGI as an international specialty risks insurer and reinsurer

AM Best rating A (Excellent)/Stable Financial strength rating assigned to IGI by AM Best

S&P Global Ratings rating A (Strong)/Stable Financial strength rating assigned to IGI by S&P Global Ratings

Key Terms

managing general agent, cyber treaty reinsurance, Bermuda Monetary Authority, risk-adjusted profitability, +1 more

5 terms

managing general agent financial

"a specialty treaty reinsurance managing general agent (MGA) established to provide"

A managing general agent is a specialized insurance intermediary that a carrier authorizes to sell and run insurance business on its behalf, including setting prices, issuing policies and handling claims. Think of it as a locally run franchise that operates under the insurer’s brand and rules; investors care because MGAs can boost growth and profit margins by expanding sales and shifting operational costs and risk, which affects an insurer’s revenue, expenses and capital use.

cyber treaty reinsurance financial

"increasing demand for specialty cyber treaty reinsurance capabilities as cyber risk"

A cyber treaty reinsurance is a standing reinsurance agreement in which one insurer (the reinsurer) agrees to cover a portfolio of cyber insurance policies issued by another insurer (the ceding company) under a single contract. It spreads and standardizes the financial risk from many cyber claims—like crime‑scene insurance for digital attacks—so investors can see how an insurer’s exposure to large or frequent cyber losses is shifted, pooled, and capitalized across parties.

Bermuda Monetary Authority regulatory

"including the registration and licensing of Cipher by the Bermuda Monetary Authority"

The Bermuda Monetary Authority is the island's financial regulator and currency supervisor—think of it as the referee and traffic controller for banks, insurers, investment firms and the money system in Bermuda. Its rules, licenses and oversight affect how financial companies operate, how risky they appear, and how stable the market is, so investors watch its actions for signals about regulatory risk, compliance costs and the health of firms operating under its supervision.

risk-adjusted profitability financial

"help us capitalize on attractive opportunities and deliver sustainable, risk-adjusted profitability"

A measure of profit that adjusts raw earnings to reflect the amount and type of risk taken to generate them, using techniques such as dividing excess return by volatility or allocating capital to different risk sources. It matters to investors because it lets them compare the efficiency of different businesses or strategies on an apples‑to‑apples basis—like judging runners by pace per mile rather than total time, so higher returns aren’t simply the result of taking bigger risks.

forward-looking statements regulatory

"This press release contains “forward-looking statements” within the meaning"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

FAQ

What did IGIC announce regarding Cipher Underwriting Ltd.?

IGIC announced the launch of Cipher Underwriting Ltd., a Bermuda-based specialty treaty reinsurance managing general agent focused on cyber risk, created to provide dedicated cyber treaty underwriting expertise and solutions on a global basis, subject to required regulatory approvals.

What ownership stake will IGIC hold in Cipher?

IGIC, through its subsidiary IGI Managing Agencies Holdings Ltd., will own a 60% interest in Cipher. This majority stake gives IGIC significant economic and strategic participation in Cipher’s planned global specialty cyber treaty reinsurance portfolio.

Who will lead Cipher and what is his experience?

Cipher will be led by Ari Chatterjee, described as a reinsurance specialist with more than 20 years of industry experience and over a decade of cyber reinsurance experience, including work on setting market standards on data and policy wordings.

What is the strategic purpose of Cipher for IGIC?

Cipher represents an important milestone in IGIC’s strategy to expand its specialty reinsurance capabilities by developing focused underwriting platforms in attractive, growing markets, initially targeting a portfolio of cyber treaty business and future growth and diversification opportunities within an MGA structure.

Are Cipher’s operations already active for IGIC (IGIC)?

No. The commencement of Cipher’s operations remains subject to applicable regulatory approvals, including registration and licensing by the Bermuda Monetary Authority. IGIC also notes the risk that approvals may be delayed or not obtained and that expected benefits may not be achieved.

How does Cipher relate to IGI Managing Agencies?

Cipher is the first venture under the newly formed IGI Managing Agencies, which was established to provide a dedicated platform for strategic partnerships, developing new product lines and incubating teams within a managing general agent structure.

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Available on EDGAR 09/01/2026 - 09:23 AM Accepted by SEC EDGAR 09/01/2026 - 09:22 AM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of September 2026

Commission File Number: 001-39255

International General Insurance Holdings Ltd.

(Translation of Registrant’s name into English)

74 Abdel Hamid Sharaf Street, P.O. Box 941428, Amman 11194, Jordan

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☒ Form 40-F ☐

EXHIBIT

Exhibit Number		Exhibit Description
99.1		Press release dated September 1, 2026 – IGI Announces the Launch of Cipher, A specialty Treaty Reinsurance Platform Focused on Cyber

1

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	INTERNATIONAL GENERAL INSURANCE HOLDINGS LTD.
Date: September 1, 2026	By:	/s/ Pervez Rizvi
		Name:	Pervez Rizvi
		Title:	Chief Financial Officer

2

Exhibit 99 .1

IGI Announces the Launch of Cipher, A Specialty Treaty Reinsurance Platform Focused on Cyber

HAMILTON, Bermuda, September 1, 2026 -- International General Insurance Holdings Ltd. (“IGI” or the “Company”) (NASDAQ: IGIC), the international specialty insurance and reinsurance group, today announced the launch of Bermuda-based Cipher Underwriting Ltd. (“Cipher”), a specialty treaty reinsurance managing general agent (MGA) established to provide dedicated cyber treaty underwriting expertise and solutions on a global basis. The commencement of Cipher’s operations remains subject to applicable regulatory approvals, including the registration and licensing of Cipher by the Bermuda Monetary Authority.

Led by reinsurance specialist Ari Chatterjee, Cipher has been created to address the increasing demand for specialty cyber treaty reinsurance capabilities as cyber risk continues to evolve across businesses, economies and critical infrastructure worldwide. Mr. Chatterjee has more than 20 years of industry experience with over a decade of cyber reinsurance experience including setting market standards on data and policy wordings.

The launch of Cipher represents an important milestone in IGI’s strategy to expand its specialty reinsurance capabilities through the development of focused underwriting platforms in attractive and growing markets.

IGI owns a 60% interest in Cipher through its wholly owned subsidiary IGI Managing Agencies Holdings Ltd. (“IGI Managing Agencies”), providing the artificial intelligence (AI)-integrated MGA platform the ability to deploy capital into a diversified worldwide portfolio of specialty reinsurance business. The initial focus of Cipher is to develop a portfolio of cyber treaty business with lead capabilities, targeting high-growth emerging risks within an MGA structure. This platform can be utilized for future growth and diversification opportunities.

IGI President & CEO Waleed Jabsheh said, “This is a significant and exciting development for IGI as we continue to strengthen our specialty reinsurance capabilities and invest in areas of the market where we see strong long-term growth potential. By embedding Cipher within the IGI framework, we achieve immediate product and geographic diversification into non-correlated classes of business.”

“Cyber treaty reinsurance is a highly specialized class requiring deep technical expertise, disciplined underwriting and a thorough understanding of an evolving risk landscape,” Mr. Jabsheh continued. “Ari brings significant experience and leadership within the cyber reinsurance market, and Cipher provides a strong platform from which to build a differentiated and sustainable specialty treaty reinsurance business.”

Mr. Chatterjee added, “We are privileged to partner with IGI in launching Cipher. IGI brings institutional credibility, excellent financial security, strong governance, and an experienced, stable leadership team that will help us capitalize on attractive opportunities and deliver sustainable, risk-adjusted profitability.”

Cipher marks the first venture under the newly formed IGI Managing Agencies, which was established to provide a dedicated platform for strategic partnerships in developing new product lines and incubating teams within an MGA structure.

“At IGI, we are always evaluating opportunities to facilitate profitability driven portfolio diversification in a measured and disciplined manner,” said Mr. Jabsheh. “Our strategy has always been to enter new markets thoughtfully, with the right talent and structure in place. This partnership embodies that approach, giving us access to new opportunities while maintaining the underwriting discipline that has defined IGI for almost 25 years.”

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About IGI:

IGI is an international specialty risks commercial insurer and reinsurer underwriting a diverse portfolio of specialty lines. Established in 2001, IGI has a worldwide portfolio of energy, property, general aviation, construction & engineering, ports & terminals, marine cargo, marine trades, contingency, political violence, financial institutions, general third-party liability (casualty), legal expenses, professional indemnity, D&O, marine liability and reinsurance treaty business. Registered in Bermuda, with operations in Bermuda, London, Malta, Dubai, Amman, Oslo, Kuala Lumpur, Casablanca, and GIFT City, India, IGI aims to deliver outstanding levels of service to clients and brokers. IGI is rated “A” (Excellent)/Stable by AM Best and “A” (Strong)/Stable by S&P Global Ratings. For more information about IGI, please visit www.iginsure.com.

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Forward-Looking Statements:

This press release contains “forward-looking statements” within the meaning of the “safe harbour” provisions of the Private Securities Litigation Reform Act of 1995. The expectations, estimates, and projections of the business of IGI may differ from its actual results and, consequently, you should not rely on forward-looking statements as predictions of future events. Words such as “ability,” “aim,” “focus”, “impact,” “seek,” “strategy,” “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believe,” “predict,” “potential,” “continue,” “commitment,” “able,” “success” and similar expressions are intended to identify such forward-looking statements. Forward-looking statements contained in this press release may include, but are not limited to, our expectations regarding the performance of our business, our financial results, our liquidity and capital resources, the outcome of our strategic initiatives, the benefits expected from the launch of Cipher and the timing of related regulatory approvals, our expectations regarding other market conditions, and our growth prospects. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside of the control of IGI and are difficult to predict. Factors that may cause such differences include, but are not limited to: (1) changes in demand for IGI’s services together with the possibility that IGI may be adversely affected by other economic, business, and/or competitive factors globally and in the regions in which it operates; (2) competition, the ability of IGI to grow and manage growth profitably, and IGI’s ability to retain its key employees; (3) changes in applicable laws or regulations; (4) risks related to fluctuations in global currencies including the UK Pound Sterling, the Euro, and the U.S. Dollar; (5) the outcome of any legal proceedings that may be instituted against the Company; (6) the effects of the hostilities between Russia and Ukraine, and the sanctions imposed on Russia by the United States, European Union, United Kingdom and others; (7) the effects of military conflicts in the Middle East, including disruptions in the Strait of Hormuz and the Persian Gulf and the potential disruption of Red Sea international shipping routes; (8) the impact of the tariffs that have been imposed or may be imposed by the U.S. administration; (9) the potential impact of artificial intelligence technologies on the insurance industry and the ability of IGI to effectively deploy AI technologies; (10) the inability to maintain the listing of the Company’s common shares on Nasdaq; and (11) the risk that IGI may not obtain or may experience delays in obtaining regulatory approvals necessary for Cipher to commence operations and that IGI may not achieve the expected benefits from Cipher; and (12) other risks and uncertainties indicated in IGI’s filings with the SEC. The foregoing list of factors is not exclusive. In addition, forward-looking statements are inherently based on various estimates and assumptions that are subject to the judgment of those preparing them and are also subject to significant economic, competitive, industry and other uncertainties and contingencies, all of which are difficult or impossible to predict and many of which are beyond the control of IGI. There can be no assurance that IGI’s financial condition or results of operations will be consistent with those set forth in such forward-looking statements. You should not place undue reliance upon any forward-looking statements, which speak only as of the date made. IGI does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions, or circumstances on which any such statement is based except to the extent that it is required by law.

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IGI Investor & Media Contacts:

Robin Sidders, Head of Corporate Relations
Email: robin.sidders@iginsure.com

Ahmad Jabsheh, AVP, Corporate Relations

Email: ahmad.jabsheh@iginsure.com

Filing Exhibits & Attachments

1 document

Press Releases

• EX-99 PRESS RELEASE DATED SEPTEMBER 1, 2026 - IGI ANNOUNCES THE LAUNCH OF CIPHER, A SP 14.8 KB