IGI named ‘Reinsurance Company of the Year’ at Middle East Insurance Awards
General Insurance Holdings Ltd (IGI) has announced that it has been named ‘Reinsurance Company of the Year’ at the Middle East Insurance Industry Awards (MIIA), held virtually on 22 November 2020.
The MIIA, organised by the Middle East Insurance Review and supported by the Dubai International Financial Centre (DIFC), the DIFC Insurance Association, Afro-Asian Federation of Insurance and Reinsurance (FAIR) and the General Arab Insurance Federation (GAIF), are held annually to recognise and reward excellence in the insurance and reinsurance sector in the MENA region. The 23 MIIA judges selected winners from more than 200 entries, with results independently audited by EY.
IGI was noted for its leadership standards, underwriting discipline, efficient claims service, diversity and inclusion initiatives, and corporate social responsibility, including support of cancer research and educational scholarships.
IGI Chairman and CEO Wasef Jabsheh said, “I am delighted that IGI has been named ‘Reinsurance Company of the Year’ at the MIIA. This important award is a testament to each and every one of our people who have worked so hard and maintained focus in what have been very challenging times. Well done to all our people.”
“2020 has been a pivotal year for us,” Mr. Jabsheh said. “In our nearly 20 years in business, we have grown into a truly international U.S.-listed public insurance and reinsurance partner, while maintaining our Middle Eastern roots and our commitment to the MENA region. Our performance so far this year has been very strong, and I have no doubt that, barring any unexpected events prior to the end of this year, our 2020 results will clearly demonstrate what we are capable of.”
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.