31 January 2020News

BMA approves IGI-Tiberius business tie-up

The BMA has granted regulatory approval to International General Insurance to combine business with Tiberius Acquisition Corp, the special purpose acquisition company.

Upon close, IGI will be domiciled in Bermuda and operate as International General Insurance Holdings. It is awaiting approval from additional regulatory agencies, including the Prudential Regulation Authority in the UK and the Dubai Financial Services Authority, before the tie-up can go ahead.

IGI said it will close the business combination two business days after receiving all the necessary closing conditions and approvals required by the business combination agreement.




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15 November 2023   The specialty re/insurer’s core operating profit rose 29.5% as short-tail and reinsurance segments improved.
ILS
4 March 2022   2021 was among the most successful in the last two decades, the insurer says.
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20 August 2018   International General Insurance Holdings, which owns reinsurer IGI Bermuda, has reported a net profit of $11.0 million for the first six months of 2018, down from the $14.8 million it made in the same period of 2017.

More on this story

News
15 November 2023   The specialty re/insurer’s core operating profit rose 29.5% as short-tail and reinsurance segments improved.
ILS
4 March 2022   2021 was among the most successful in the last two decades, the insurer says.
News
20 August 2018   International General Insurance Holdings, which owns reinsurer IGI Bermuda, has reported a net profit of $11.0 million for the first six months of 2018, down from the $14.8 million it made in the same period of 2017.