13 March 2020News

IGI receives provisional approval to write US E&S Business

IGI Bermuda, the Bermuda subsidiary of International General Insurance Holdings (IGI), has received provisional approval from the National Association of Insurance Commissioners (NAIC) to write US excess and surplus (E&S) business.

The approval is effective from April 1, 2020, pending execution of the IGI Bermuda US E&S lines trust agreement which is currently in progress.

IGI Bermuda intends to write short-tail US E&S business in energy, property and political violence specialty lines.

It is expected that IGI Bermuda will be named on the NAIC’s April Quarterly Listing of Alien Insurers.




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More on this story

News
7 February 2020   International General Insurance Holdings (IGI) has received approval from the Dubai Financial Services Authority (DFSA) in connection with its previously announced business combination agreement with Tiberius Acquisition Corp.
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16 December 2019   International General Insurance Holdings (IGI), the international specialist commercial re/insurer has named Vickie Fox as underwriter for ports and terminals, strengthening the London marine team.