IGI Receives Provisional NAIC Approval to Write U.S. E&S Business Effective April 1, 2020
TIBERIUS ACQUISITION CORP COMMON (TIBR)
Company Research
Source: Business Wire
DUBAI, United Arab Emirates--(BUSINESS WIRE)--International General Insurance Holdings Limited (“IGI” or the “Company”) today announced that its Bermuda subsidiary, International General Insurance Company Ltd. (“IGI Bermuda”), has been granted provisional approval by the National Association of Insurance Commissioners (NAIC) to begin writing U.S. excess and surplus (“E&S”) lines business effective April 1, 2020, pending execution of the IGI Bermuda U.S. E&S lines trust agreement which is currently in progress.It is expected that IGI Bermuda will be named on the NAIC’s April Quarterly Listing of Alien Insurers.IGI Bermuda intends to write short-tail U.S. E&S business in energy, property and political violence specialty lines.---About IGI:IGI is a leading 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, construction &
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