Welcome to IGI
International General Insurance Holdings Limited (IGIH) is registered in the Dubai International Financial Centre (DIFC) with operations in Bermuda, the United Kingdom, Jordan, Malaysia and Morocco.
The IGI Group commenced operations in March 2002 and has evolved as a major participant within its specialised lines of business. The Group underwrites a worldwide portfolio of energy, property, marine, construction and engineering, financial institutions, general aviation, casualty, ports & terminals, political violence and non-proportional reinsurance treaty business with the main geographical focus on the Afro – Asian markets.
IGI Bermuda is a class 3B (re)insurer regulated by the Bermuda Monetary Authority (BMA) and is the principal underwriting entity for the Group with the Jordan office (IGI Underwriting Company Limited Amman) providing all management, underwriting and operational functions.
IGI Bermuda is rated A- with a stable outlook by Standard & Poor’s and A- (Excellent) with a stable outlook by A.M Best Company.
IGIH has two subsidiary companies in the UK, International General Insurance Co. (UK) Ltd. and North Star Underwriting Limited (a specialist marine underwriting agency) both based in London and regulated by the United Kingdom Financial Conduct Authority (FCA).
IGI (UK) has an unconditional Parental Guarantee in favor of Policyholders and other third parties (collectively referred to as “Beneficiaries”) issued by its Parent Company International General Insurance Co. Ltd in Bermuda (the “Guarantor”). The Guarantee covers all of the payment obligations of IGI (UK) under the reinsurance contracts issued by them. The obligations of the Guarantor under these guarantees rank pari passu with all other unsecured indebtedness of the Guarantor.
The Group also has a subsidiary company in Labuan, Malaysia registered as a second tier reinsurer and is regulated by the Labuan Financial Services Authority (LFSA). This operation is supported by a branch office in Kuala Lumpur providing marketing services.
The Group also has a marketing and underwriting office in Dubai based in the DIFC and regulated by the Dubai Financial Services Authority (DFSA).
IGIH has assets in excess of US$710 million as at 31st December, 2014.