Favorable reserve development pushes IGI’s Q3 CoR down 11.2 points to 73.8%

Jairo Ibarra

10 November 2022

International General Insurance (IGI) improved its Q3 combined ratio by 11.2 points to 73.8%, while higher favorable reserves pushed its claims ratio down to 38.1% from 50.4% a year earlier.

The Bermuda-based carrier posted total favorable net loss reserves of $21.7mn in Q3, up from $7.1mn in the prior-year period.

IGI

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