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INTERNATIONAL GENERAL INSURANCE

IGI strengthens Board with the appointment of two new non-executive directors

Dubai, August 6, 2018: International General Insurance Holdings Limited (IGI) is pleased to announce the appointment of David Anthony and Anwar Al-Jabri as two new non-executive directors to its Board.

 

David Anthony brings to IGI the wealth of his 30 years of experience in the insurance and reinsurance industry, which has included senior, insurance-related positions at ratings agencies and with international banks. He has worked extensively in Europe, the Middle East and North Africa and the United States. David Anthony is an independent insurance consultant working under the DA Research & Analysis (DARAA) trading name. Before that, David was a Director and Senior Analyst with S&P Global Ratings (formerly Standard & Poor's). Throughout his time with S&P, David remained an active lead rating analyst, and a Chair of the Insurance Rating Committee.  

Anwar Al-Jabri has over 18 years’ experience in investment, banking and financial services and has served in various public and non-public company boards locally and internationally. He currently holds the position of a Chief Executive Officer at Oman National Investment Corporation (Jabreen Capital) and has previously worked for Oman Investment Fund (OIF), a Sovereign Wealth Fund of the Sultanate of Oman, Oman Refinery Company and the Central Bank of Oman holding various senior posts in investment and financial fields.

“Both David and Anwar’s vast accomplishments in finance within the insurance and reinsurance sectors will help with IGI’s ambitions to further strengthen its core operations,” said Wasef Jabsheh, Chief Executive Officer of IGI. “David’s history of providing analytical support and significant ratings experience and Anwar’s business expertise and reputation in the GCC region will be invaluable to IGI in its continuous mission to remain true to its strategy of steady growth and underwriting profitability.

“IGI would like to thank the outgoing Board members for their contributions during their period of membership on the Board,” Mr Jabsheh added.

“I am looking forward to working with the board and helping to strengthen IGI’s financial oversight and governance,” David said.

David and Anwar bring the total number of board members up to seven, replacing Soumitra Biswas and Abdulaziz Al Blushi.

Ends

For further information, call Sarah Hills on +44 (0)7718 882011 or email sarah.hills@rein4ce.co.uk.

 

Aaida Abu Jaber, PR & Marketing Manager, IGI

T: +96265662082 Ext. 311

M: +962770415540

Email: Aaida.AbuJaber@iginsure.com     

 

Issued by rein4ce on behalf of International General Insurance Holding Limited.

About IGI:

International General Insurance Holdings Limited is registered in the Dubai International Financial Centre (DIFC) with operations in Bermuda, Jordan, UAE, Malaysia, Morocco and a wholly owned subsidiary in the U.K.

 

IGI Bermuda is a class 3B (re)insurer regulated by the Bermuda Monetary Authority (BMA). This subsidiary is the principal underwriting entity for the Group. The Group also has a branch in Labuan, Malaysia, registered as a second-tier offshore reinsurer.

 

Both IGI Bermuda and IGI UK are rated A- with a stable outlook by Standard & Poor’s and A- (Excellent) with a positive outlook by A.M Best Company.

 

IGI Group of companies underwrites a worldwide portfolio of energy, property, engineering, casualty, legal expenses, directors and officers, financial institutions, general aviation, ports & terminals, marine liability, political violence, forestry and reinsurance treaty business.

 

International General Insurance Holdings Limited had assets in excess of US$ 900 million as at 30th June 2018.

 

For more information, please visit www.iginsure.com or email info@iginsure.com.