IGI buys Norway energy MGA EIO

Bermuda-based International General Insurance (IGI) has completed the acquisition of Norway-based managing general agency Energy Insurance Oslo (EIO).

The entity, which is expected to be renamed IGI Nordic, has become a subsidiary of IGI.

IGI has had an exclusive arrangement with EIO since 2009, writing a portfolio of energy and construction business in Norway.

IGI Chairman & CEO Wasef Jabsheh said: “We are delighted to welcome the EIO team to the IGI group. The successful completion of our acquisition of EIO allows us to expand the existing book of energy and construction business and leverage our relationships to broaden our presence in the Nordic markets across other business lines.”