AM Best Revises Issuer Credit Rating Outlooks to Positive for International General Insurance Holdings Ltd. and Its Subsidiaries
Key Highlights
- ➤IGI (IGIC) Long-Term ICR outlook revised positive from stable; “bbb” rating affirmed
- ➤Subsidiary Long-Term ICR outlooks revised positive; “A” FSRs and “a” ICRs affirmed
- ➤IGI’s 2021-2025 weighted average return on equity reached 20%
- ➤IGI’s five-year weighted average combined ratio was marginally above 80%
- ➤2026 India reinsurance branch expanded IGI’s international underwriting hubs to nine
AM Best Revises Issuer Credit Rating Outlooks to Positive for International General Insurance Holdings Ltd. and Its Subsidiaries
AM Best has revised the outlook to positive from stable for the Long-Term Issuer Credit Ratings (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term ICR of “a” (Excellent) of International General Insurance Co. Ltd., (IGICL) (Bermuda), International General Insurance Company (UK) Limited (IGIUK) (United Kingdom) and International General Insurance Company (Europe) Ltd. (IGI Europe) (Malta). The outlook of the FSR is stable. All of these are subsidiaries of International General Insurance Holdings Ltd. (IGI) (Bermuda) [NASDAQ: IGIC]. Concurrently, AM Best has revised the outlook to positive from stable and affirmed the Long-Term ICR of “bbb” (Good) of IGI.
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