IGI Announces Move to New London Offices
25 10월 2024 - 10:00PM
Business Wire
International General Insurance Holdings Ltd. (“IGI” or the
“Company”) (NASDAQ: IGIC) today announced that they will move their
London operations to new offices on the 15th floor of the iconic
‘Walkie-Talkie’ Building at 20 Fenchurch Street, London, EC3M 3BY
on Monday 28 October 2024. This move reflects the growth of the
Company’s principle underwriting hub, the significant progress made
in recent years, and the Company’s continued commitment to the
London market.
“We are excited about this move, especially to such a
prestigious location, and we’re delighted to be in the company of a
number of our respected London market peers in the Walkie Talkie
building,” said Waleed Jabsheh, IGI President and CEO, who is based
in London. “The IGI Group has grown substantially over the past
five years and our London team has expanded as we have entered new
lines and markets and enhanced the teams that support our global
underwriting. This relocation allows us to continue that build out,
and with all our people now being situated on one floor, it
enhances our ability to collaborate more effectively with each
other. It also offers a more suitable space for engaging more
actively with our clients and brokers.”
More than 130 people will be based in the new office, including
60 underwriters able to write across the following business lines:
Energy, Property, General Aviation, Construction & Engineering,
Ports & Terminals, Marine Cargo, Marine Trades, Contingency,
Political Violence, Financial Institutions, Legal Expenses,
Professional Indemnity, D&O, Marine Liability, and Reinsurance
Treaty Business.
About IGI:
IGI is an international specialty risks commercial insurer and
reinsurer underwriting a diverse portfolio of specialty lines.
Established in 2001, IGI has a worldwide portfolio of energy,
property, general aviation, construction & engineering, ports
& terminals, marine cargo, marine trades, contingency,
political violence, financial institutions, general third-party
liability (casualty), legal expenses, professional indemnity,
D&O, marine liability and reinsurance treaty business.
Registered in Bermuda, with operations in Bermuda, London, Malta,
Dubai, Amman, Oslo, Kuala Lumpur 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-”(Strong)/Stable
by S&P Global Ratings. For more information about IGI, please
visit www.iginsure.com.
Forward-Looking Statements:
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,” “commitment,” 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, our expectations
regarding the performance of our business, our financial results,
our liquidity and capital resources, the outcome of our strategic
initiatives, our expectations regarding pricing and other market
conditions, and our growth prospects. These forward-looking
statements involve significant risks and uncertainties that could
cause the actual results to differ materially from the expected
results. Most of these factors are outside of the control of IGI
and are difficult to predict. Factors that may cause such
differences include, but are not limited to: (1) changes in demand
for IGI’s services together with the possibility that IGI may be
adversely affected by other economic, business, and/or competitive
factors globally and in the regions in which it operates; (2)
competition, the ability of IGI to grow and manage growth
profitably and IGI’s ability to retain its key employees; (3)
changes in applicable laws or regulations; (4) the outcome of any
legal proceedings that may be instituted against the Company; (5)
the effects of the hostilities between Russia and Ukraine and the
sanctions imposed on Russia by the United States, European Union,
United Kingdom and others; (6) the effects of the war between
Israel and Hamas; (7) the inability to maintain the listing of the
Company’s common shares on Nasdaq; and (8) other risks and
uncertainties indicated in IGI’s filings with the SEC. The
foregoing list of factors is not exclusive. In addition,
forward-looking statements are inherently based on various
estimates and assumptions that are subject to the judgment of those
preparing them and are also subject to significant economic,
competitive, industry and other uncertainties and contingencies,
all of which are difficult or impossible to predict and many of
which are beyond the control of IGI. There can be no assurance that
IGI’s financial condition or results of operations will be
consistent with those set forth in such forward-looking statements.
You should not place undue reliance upon any forward-looking
statements, which speak only as of the date made. IGI does not
undertake or accept any obligation or undertaking to release
publicly any updates or revisions to any forward-looking statements
to reflect any change in its expectations or any change in events,
conditions, or circumstances on which any such statement is based
except to the extent that is required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20241025868747/en/
Investors: Robin Sidders, Head of Investor Relations M: +
44 (0) 7384 514785 Email: robin.sidders@iginsure.com Media:
Aaida Abu Jaber, AVP PR & Marketing T: +96265662082 Ext. 407 M:
+962770415540 Email: aaida.abujaber@iginsure.com
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