IGI’s financial strength ratings affirmed by AM Best
International General Insurance Holdings Ltd has announced that AM Best has affirmed its financial strength ratings at A (Excellent) with a Stable outlook.
The ratings apply to IGI’s three subsidiaries International General Insurance Co. Ltd. (Bermuda), International General Insurance Company (UK) Ltd. and International General Insurance Company (Europe) SE.
The key factors cited by AM Best in affirming IGI’s ratings are the Company’s “very strong” consolidated balance sheet, its strong operating performance underpinned by robust underwriting, with IGI’s underwriting discipline being a “key factor supporting its good financial results”. AM Best also noted the Company’s well-diversified business profile by line of business and geography.
IGI Chairman and CEO Wasef Jabsheh said, “AM Best’s reaffirmation of our financial strength ratings at A (Excellent), with a stable outlook, recognizes the significant progress we have made in strengthening our balance sheet, and growing and diversifying our portfolio while maintaining quality profitable underwriting. We are continuing to find attractive opportunities in our various markets, especially in Europe where we recently launched our European business in Malta. In keeping with our long track record, our further expansion will be thoughtful and measured.”
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.