IGI’s financial strength ratings confirmed by S&P Global
International General Insurance Holdings Ltd has announced that S&P Global Ratings has confirmed its financial strength ratings at A- with a Stable outlook.
The ratings apply to IGI’s two subsidiaries International General Insurance Co. Ltd. (Bermuda) and International General Insurance Company (UK) Ltd.
S&P indicated the key factors in its decision were:
- Strong risk-based capital adequacy and strong risk controls to manage IGI’s key risk exposures;
- Track record of technical outperformance relative to sector peers;
- Experienced management team with a proven history of attracting high-calibre technical and underwriting staff.
IGI Chairman and CEO Wasef Jabsheh said, “We are pleased that S&P has taken the decision to reaffirm our ratings at A- with a Stable outlook, particularly given that IGI has transitioned to a publicly traded company in the U.S. since S&P’s last ratings review. It also underscores the strength of the IGI brand – our balance sheet, our track record of profitable growth and our long-standing relationships.”
About IGI
Established in 2001, International General Insurance (IGI) is a global privately-owned specialist commercial insurer and reinsurer. Our vision is to be the company of choice for clients and brokers through market-leading service and our reputation for stable management and capital security.
A diverse and highly experienced team of underwriters operates our office in London. We also have offices in Dubai, Amman, Casablanca and Kuala Lumpur.
Our diverse portfolio of specialty lines includes Energy, Property, Construction & Engineering, Ports & Terminals, Financial Institutions, Aviation, Professional Indemnity, Political Violence, Legal Expenses, D&O, Casualty, Forestry and Treaty Reinsurance.
Standard and Poor’s upgraded our financial strength rating to “A- “, with a Stable outlook. A.M. Best rated the company A- (Excellent), with a Positive outlook, stating, “the revised outlook reflects IGI’s consistent record of very strong operating performance and the continuous improvement in its enterprise risk management framework.”
We take pride in providing proactive claims management, coupled with open communication, leading to the efficient handling of claims. We endeavour to act fairly and honourably in our relations with clients and brokers.