IGI’s Financial Strength Ratings Affirmed by AM Best

About this update from International General Insurance Holdings Ltd.

[{"type":"text","content":" HAMILTON, Bermuda--(BUSINESS WIRE)--\nInternational General Insurance Holdings Ltd. (“IGI” or the “Company”) (NASDAQ: IGIC) today announced that AM Best has reaffirmed its financial strength ratings at A (Excellent) with a Stable outlook.\n\nThe ratings apply to IGI’s two subsidiaries International General Insurance Co. Ltd. (Bermuda) and International General Insurance Company (UK) Ltd.\n\nAM Best indicated the key factors in its decision were IGI’s:\n\n\nbalance sheet strength, underpinned by risk-adjusted capitalization “at the strongest level”\n\n\nstrong operating performance, supported by robust and disciplined underwriting performance over the long-term\n\n\nwell-diversified business profile by line of business and geography with a high-quality reinsurance panel\n\n\nwell-developed enterprise risk management (ERM)\n\n\nIGI 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.”\n\n---\n\nAbout IGI:\nIGI is an international specialty insurer and reinsurer, underwriting a diverse portfolio of specialty lines. Established in 2001, IGI is an entrepreneurial business with a worldwide portfolio of energy, property, construction & engineering, ports & terminals, financial institutions, casualty, legal expenses, general aviation, professional indemnity, marine liability, political violence, forestry and reinsurance treaty business. Registered in Bermuda, with operations in Bermuda, London, Dubai, Amman, Labuan and Casablanca, IGI always aims to deliver outstanding levels of service to clients and brokers. IGI is rated “A” (Excellent)/Stable by AM Best and “A-”/Stable by S&P Global Ratings. For more information about IGI, please visit www.iginsure.com.\n\nForward-Looking Statements:\nThis press release may include “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 ...

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