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INTERNATIONAL GENERAL INSURANCE

Year End Message from Our Founder and CEO Wasef Jabsheh

My Dear IGI Family,

 

As we approach the end of this year, I want to thank each one of you for being part of this family. I appreciate your great work, commitment and dedication, which have been integral to IGI’s progress and success. 

 

Fifteen years of operating in a sector such as ours that is constantly and rapidly evolving is an achievement that I am particularly proud of – we are honoured to be here, and even more so to have done it on the back of our consistent strong values of underwriting discipline and high-quality service.

 

This was illustrated in our recent results, where our AM Best rating was uplifted to positive in a business environment that has been incredibly challenging. This achievement is a recognition of our prudent underwriting strategy, great management team and the hard work of our employees. We have made impressive progress in our capital risk management modelling techniques and smoothly transitioned into a new internal organizational structure – all while raising our profile and prominence in the industry.

 

All these achievements come against the backdrop of a very difficult year, which saw a competitive trading environment continue to keep pressure on rates, followed by heavy losses from natural catastrophes in the third quarter. Despite this, IGI’s underwriting teams upheld their focus on quality business and showed their talent in mitigating exposure.

 

There is still plenty to be achieved in IGI’s evolution and I see next year lined up with many successes and great achievements. 

 

In this holiday season, I wish you and your families joy, warm memories and peace. We should be thankful for what we have, and remember to embrace our loved ones and be grateful for the feeling of having them around and close.

 

I wish you all a merry Christmas and a very happy new year, filled with success, happiness and good health.