IGI’s financial strength ratings affirmed by AM Best
International General Insurance Holdings Ltd has announced that AM Best has reaffirmed its financial strength ratings at A (Excellent) 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.
AM Best indicated the key factors in its decision were IGI’s:
- balance sheet strength, underpinned by risk-adjusted capitalization “at the strongest level”
- strong operating performance, supported by robust and disciplined underwriting performance over the long-term
- well-diversified business profile by line of business and geography with a high-quality reinsurance panel
- well-developed enterprise risk management (ERM)
IGI Chairman and CEO Wasef Jabsheh said, “We are pleased that AM Best has reaffirmed our financial strength ratings at A/Stable, while noting all of the qualities which we are most proud of – our strong balance sheet and risk culture, focused underwriting capabilities, and our long-standing track record of delivering consistently solid results. This is a testament to the hard work and commitment of the whole IGI team.”
Authored by IGI
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.