A.M. Best Affirms Ratings of the International General Insurance Group Companies

We are pleased to announce that A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of A- (Excellent) and the issuer credit rating of “a-“ of International General Insurance Company Limited (Bermuda) (IGI) and International General Insurance Company (UK) Limited (IGIUK). The ICR of the parent company, International General Insurance Holdings Limited (IGIH), is also affirmed at “bbb-“ and the outlook for all ratings remains stable.

 

Commenting on the above, Mr. Wasef Jabsheh, Vice Chairman and Chief Executive Officer of IGIH said, “2011 proved to be a very challenging year for the insurance industry due to the unfortunate catastrophes across the world. Despite all that, we are pleased to have our rating reaffirmed by A.M. Best Europe, which confirms our sound risk management and underwriting practices, resulting in record profits for IGIH. We believe our planned expansion will help us achieve our future growth plans and solidify our Group’s position in the marketplace.