International General Insurance (IGI) has had its “A-” financial strength rating consolidated by Standard & Poor (S&P) Global Ratings.
In addition, IGI was awarded an “A-” rating for long term issuer credit and a status of “a stable outlook”, unchanged from the previous year.
The reinsurer and underwriter company cited a “solid set” of results for 2018 in March, including an increase of 9.5 percent in gross written premium to $301.5 million compared to 2017.
Wasef Jabsheh, CEO and vice chairman at IGI, commented: “We are delighted to have our A-/stable rating confirmed. IGI works hard to maintain a truly global company, with strong results, excellent management and sensible underwriting, matched with increased adoption of technology and innovation.”
