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HAMILTON, Bermuda–(BUSINESS WIRE)–
International General Insurance Holdings Ltd. (“IGI” or the “Company”) (NASDAQ: IGIC) today announced that it has been named ‘Reinsurance Company of the Year’ at the Middle East Insurance Industry Awards (MIIA), held virtually on November 22, 2020.
The MIIA, organised by the Middle East Insurance Review and supported by the Dubai International Financial Centre (DIFC), the DIFC Insurance Association, Afro-Asian Federation of Insurance and Reinsurance (FAIR) and the General Arab Insurance Federation (GAIF), are held annually to recognise and reward excellence in the insurance and reinsurance sector in the MENA region. The 23 MIIA judges selected winners from more than 200 entries, with results independently audited by EY.
IGI was noted for its leadership standards, underwriting discipline, efficient claims service, diversity and inclusion initiatives, and corporate social responsibility, including support of cancer research and educational scholarships.
IGI Chairman and CEO Wasef Jabsheh said, “I am delighted that IGI has been named ‘Reinsurance Company of the Year’ at the MIIA. This important award is a testament to each and every one of our people who have worked so hard and maintained focus in what have been very challenging times. Well done to all our people.”
“2020 has been a pivotal year for us,” Mr. Jabsheh said. “In our nearly 20 years in business, we have grown into a truly international U.S.-listed public insurance and reinsurance partner, while maintaining our Middle Eastern roots and our commitment to the MENA region. Our performance so far this year has been very strong, and I have no doubt that, barring any unexpected events prior to the end of this year, our 2020 results will clearly demonstrate what we are capable of.”
IGI is an international specialist commercial insurer and reinsurer underwriting a diverse portfolio of specialty lines. Established in 2001, IGI is an entrepreneurial business with a worldwide portfolio of energy, property, general aviation, construction & engineering, forestry, ports & terminals, marine cargo, marine trades, financial institutions, general third party liability, legal expenses, professional indemnity, marine liability, political violence, and reinsurance treaty business. Registered in Bermuda, with operations in Bermuda, London, Dubai, Amman, Labuan and Casablanca, IGI aims to deliver outstanding levels of service to clients and brokers. IGI is rated “A” (Excellent)/Stable by AM Best and “A-”/Stable by S&P Global Ratings. For more information about IGI, please visit www.iginsure.com.
This press release contains “forward-looking statements” within the meaning of the “safe harbour” provisions of the Private Securities Litigation Reform Act of 1995. The expectations, estimates, and projections of the business of IGI may differ from its actual results and, consequently, you should not rely on forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements. Forward-looking statements contained in this press release may include, but are not limited to, information regarding our estimates of losses for catastrophes and other large losses including losses related to the COVID-19 pandemic, measurements of potential losses in the value of our investment portfolio, our expectations regarding the performance of our business, our financial…