IGI’s Financial Strength Ratings Confirmed by S&P Global

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 S&P Global Ratings has confirmed its financial strength ratings at A- with a Stable outlook.\n\n\nThe ratings apply to IGI’s two subsidiaries International General Insurance Co. Ltd. (Bermuda) and International General Insurance Company (UK) Ltd.\n\n\nS&P indicated the key factors in its decision were:\n\n\n\nStrong risk-based capital adequacy and strong risk controls to manage IGI’s key risk exposures;\n\n\nTrack record of technical outperformance relative to sector peers;\n\n\nExperienced management team with a proven history of attracting high-calibre technical and underwriting staff.\n\n\n\nIGI 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.”\n\n\n---\n\n\nAbout IGI: \n\n\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\n\nForward-Looking Statements: \n\n\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 should not rely on forward-looking statements as predictions of future events. Words such ...

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