Dubai’s IGI Bermuda to Begin Writing E&S in U.S.
Dubai, United Arab Emirates-based International General Insurance Holdings said that its Bermuda subsidiary, International General Insurance Co., has been granted provisional approval to begin writing U.S. excess and surplus lines business effective April 1, 2020.
The company said the approval came from the National Association of Insurance Commissioners (NAIC) and it expects 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.
IGI is an international specialty commercial insurer and reinsurer established in 2001. Its portfolio includes energy, property, construction and engineering, ports and terminals, financial institutions, casualty, legal expenses, general aviation, professional indemnity, marine liability, political violence, forestry and reinsurance treaty business. It is registered in the Dubai International Financial Centre and has operations in Bermuda, London, Amman, Labuan and Casablanca,
- World’s Largest Retirement Community Set to Borrow $180 Million for More Homes
- How Federal Ban on Intoxicating Hemp Products Will Reshape Risk, Coverage
- Adjuster Created Law Firm and Fake Claim to Defraud Insurer of $1M, Officials Charge
- Home Insurance Tops Property Taxes in Squeeze for US Households