Company Overview

International General Insurance Holdings Ltd. (NASDAQ: IGIC) is a specialty insurance and reinsurance company focused primarily on underwriting commercial risks across international markets. The company operates in the global property and casualty insurance industry, with a concentration on specialty lines that include energy, property, engineering, marine, aviation, financial institutions, political violence, casualty, and treaty reinsurance. IGIC generates revenue primarily through underwriting income and investment income derived from its insurance float and investment portfolio.

The company traces its origins to 2001, when it was founded in Jordan, and later expanded into international specialty insurance markets through regulated operating platforms in multiple jurisdictions. IGIC has positioned itself as a globally diversified specialty insurer with underwriting operations spanning the Middle East, Europe, Asia, and North America. Its strategy emphasizes disciplined underwriting, conservative risk selection, and geographic diversification, particularly in specialty markets where underwriting expertise and broker relationships are important competitive factors.

Business Operations

IGIC operates through specialty underwriting platforms and insurance subsidiaries that write commercial business on both a direct and reinsurance basis. Its major business lines include specialty property, engineering, energy, marine cargo and hull, ports and terminals, aviation, casualty, financial institutions, directors and officers liability, and political violence coverage. The company also maintains a treaty reinsurance portfolio serving cedants in international markets. Revenue is generated through gross written premiums, underwriting profits, and returns on invested assets.

The company conducts operations through regulated entities and subsidiaries including International General Insurance Co. Ltd., IGI UK, and other regional underwriting operations. IGIC maintains underwriting and service capabilities in key insurance centers including London and Bermuda while also serving emerging markets in the Middle East, Africa, and Asia. Its business model relies heavily on broker distribution networks, long-standing client relationships, underwriting expertise, and diversified specialty risk exposure across multiple geographies and product categories.

Strategic Position & Investments

IGIC’s strategic direction has centered on expanding its specialty underwriting capabilities while maintaining disciplined capital management and underwriting profitability. The company has invested in strengthening its position in the London specialty insurance market through IGI UK, which operates within the Lloyd’s and broader London market ecosystem. Management has also emphasized selective portfolio diversification and risk-adjusted underwriting rather than rapid premium expansion.

The company has pursued growth in specialty commercial lines where market dislocation and pricing conditions have supported underwriting margins. IGIC has also invested in technology and operational infrastructure intended to improve underwriting analytics, claims management, and enterprise risk oversight. Its investment portfolio is managed conservatively relative to many global insurers, with emphasis on capital preservation and liquidity. Public filings and investor materials indicate continued focus on specialty insurance niches that management believes offer sustainable underwriting opportunities across international markets.

Geographic Footprint

IGIC maintains a geographically diversified operating footprint with headquarters in Amman, Jordan, and significant operational presence in London, Bermuda, and other international insurance centers. The company serves clients and brokers across the Middle East, Europe, Asia, Africa, and North America, with business written through multiple regulated insurance platforms.

Its international strategy has historically focused on regions and specialty markets that may be underserved by larger global insurers or where underwriting expertise provides competitive differentiation. Through its London market operations and international broker network, IGIC accesses risks originating from numerous countries while maintaining regional underwriting capabilities tailored to local commercial insurance demand.

Leadership & Governance

IGIC was founded by Wasef Jabsheh, who has played a central role in the company’s development and international expansion. The company’s leadership has consistently emphasized underwriting discipline, capital strength, diversified risk management, and long-term profitability over volume-driven growth. Corporate governance is overseen by a board of directors and executive leadership team with backgrounds in specialty insurance, reinsurance, finance, and international markets.

Key executives include:

• Wasef Jabsheh – Chairman and Chief Executive Officer
• Michael Bjorn Haugh – Chief Financial Officer
• Paul Stanley – Chief Underwriting Officer
• Simon Parker – Chief Executive Officer, IGI UK
• Nabil Abdallah – Chief Operating Officer

Public company filings, investor disclosures, and regulatory materials indicate that management strategy remains focused on underwriting profitability, disciplined reserving practices, geographic diversification, and maintaining strong regulatory capital positions across operating subsidiaries.