International General Insurance Holdings Ltd Dossier
Qualitative Analysis
Business overview
International General Insurance Holdings Ltd. ("IGI" or "IGIC") is an international specialty risks commercial insurer and reinsurer underwriting a diverse portfolio of specialty lines. Established in 2001, the company operates globally with a presence in Bermuda, London, Malta, Dubai, Amman, Oslo, Kuala Lumpur, and Casablanca. IGI underwrites a wide array of risks including energy, property, general aviation, construction & engineering, ports & terminals, marine cargo, political violence, financial institutions, and professional indemnity. The company is registered in Bermuda and is rated "A" (Excellent) by AM Best and "A" (Strong) by S&P Global Ratings.
Research as of 19 Jun 2026
Strategic Initiatives
Growth programs, investments, and their expected impact
Establishing a physical reinsurance branch in Gujarat International Finance Tec-City (GIFT City) under IGI's UK subsidiary, International General Insurance Company (UK) Ltd. The branch will focus on underwriting facultative and specialty treaty reinsurance for Indian cedants and brokers.
Expected impact: Strengthens IGI's global footprint in the Indian subcontinent and provides long-term growth opportunities in a rapidly expanding insurance market.
Maintaining strict risk selection and adjusting underwriting appetite, particularly in soft market conditions or volatile lines. This includes the non-renewal of unprofitable or low-margin accounts, such as a large professional indemnity binder in late 2025.
Expected impact: Protects the company's combined ratio (which improved to 89.1% in Q1 2026) and preserves capital productivity despite premium volume headwinds.
Mergers, Acquisitions & Partnerships
Recent deals and strategic collaborations
Strategic Partnerships
Enables IGI to collaborate closely with local Indian cedants and brokers within a specialized, well-regulated international financial services environment.
Terms: Operated as a reinsurance branch of IGI's UK subsidiary under IFSCA guidelines.