IGI commences trading at Lloyd's of London

IGI commences trading at Lloyd’s of London | Insurance Business Asia

Insurance News

IGI commences trading at Lloyd’s of London

Move into historic insurance market looks to drive key growth initiatives

Insurance News

By
Insurance Business UK

Starting May 9, International General Insurance Holdings Ltd (IGI) will commence trading activities at Lloyd’s of London, marking a significant step in its global expansion strategy.

Headquartered in Bermuda, the company will operate from Box 330A in the third gallery of Lloyd’s iconic underwriting room at One Lime Street in London.

IGI’s move into Lloyd’s underwriting room aligns with its goals of broadening distribution networks and elevating its brand within the competitive London insurance market. The company will engage in multiple business lines, utilizing a rotating team of underwriters.

“This is an exciting move for IGI at a time when strategic and profitable growth is a priority for us. Having a company box in Lloyd’s underwriting room, in the heart of the London insurance marketplace, strengthens IGI’s profile and provides enhanced distribution capabilities in the most efficient manner,” said Christopher Jarvis, group chief underwriting officer at IGI.

This comes just as IGI announced robust financial results for the first quarter of 2024, with gross written premiums increasing by 4.4% to $181.6 million and net premiums increasing to $114.5 million.

IGI has built a diverse portfolio across various specialty risk sectors, including energy, property, and general aviation since it was established in 2001. It maintains a strong presence worldwide with operations in multiple regions such as London, Malta, Dubai, and Kuala Lumpur, among others.