$26.390
+0.161 (+0.61%)Al cierre
Noticias de IGIC
Eventos de IGIC
International General Insurance Launches Cyber Reinsurance Managing General Agent Cipher
International General Insurance Holdings announced the launch of Bermuda-based Cipher Underwriting, a specialty treaty reinsurance managing general agent established to provide dedicated cyber treaty underwriting expertise and solutions on a global basis. The commencement of Cipher's operations remains subject to applicable regulatory approvals, including the registration and licensing of Cipher by the Bermuda Monetary Authority. Led by reinsurance specialist Ari Chatterjee, Cipher has been created to address the increasing demand for specialty cyber treaty reinsurance capabilities as cyber risk continues to evolve across businesses, economies and critical infrastructure worldwide. Mr. Chatterjee has more than 20 years of industry experience with over a decade of cyber reinsurance experience including setting market standards on data and policy wordings.
International General Insurance Board Raises Quarterly Dividend to $0.075 per Share
International General Insurance Holdings' Board of Directors has voted to increase the Company's quarterly ordinary common share dividend to $0.075 per share, representing a 50% increase from the present rate of $0.05 per share per quarter. This marks the third consecutive year that the Company has increased the quarterly ordinary common share dividend. The first regular quarterly ordinary common share dividend at the new rate of $0.075 will be paid on June 11, 2026, to shareholders of record at the close of business on May 28, 2026.
IGI Group Reports Q1 Net Premiums of $111.2M
Reports Q1 Net Premiums Written $111.2M. vs. $112.8M last year. IGI Group President & CEO Waleed Jabsheh said, "We had a strong start to 2026 highlighted by underwriting income of $37.7 million and an 89.1% combined ratio, driven by consistent and disciplined execution. This translates to a 14.3% core operating return on average shareholders' equity, underscoring the stability and resilience of IGI, notwithstanding impact of war losses in the Middle East. Our teams continue to be focused on executing across varied market conditions, managing our existing portfolio and the cycle, while capitalizing on new and emerging opportunities."
IGI Group Reports Q4 Gross Written Premiums of $141.2M
Reports Q4 gross written premiums $141.2M vs. $174.6M last year. IGI Group President & CEO Waleed Jabsheh said, "We produced another set of excellent financial results in 2025. This demonstrates the strong execution and cycle management culture we have at IGI, the benefits of our diversification strategy, and the value that we continue to deliver to our shareholders. Our combined ratio of 85.9% and net income of $127.2 million resulted in a return on average equity of 18.6% and a core operating return on average equity of 16.8% for the current year, well above our 10-year average. In addition, we grew our book value per share during the year to $16.91 at December 31, 2025, while returning over $108 million to shareholders in share repurchases and dividends. We have built a level of resilience across our Company with the right strategy, exceptional talent and strong execution and capital management capabilities, all of which we believe will continue to hold us in good stead for the years ahead."
International General Insurance Reveals New Authorization for $5 Million Share Buyback
International General Insurance announced that its board of directors has approved a new repurchase authorization of up to 5M of the company's issued and outstanding common stock. This new authorization replaces the previous 7.5M authorization which has been exhausted.
Esta página es solo para investigación y no constituye asesoramiento de inversión. Los modelos pueden equivocarse. El rendimiento pasado no garantiza resultados futuros.