IGI
-
The company has written over $100mn in gross premium in the US this year. -
Losses were attributed to the Taiwan earthquake and flooding in Middle East and Europe.
-
IGI’s reinsurance unit lifted underwriting profits but short-tail specialty dropped year-on-year.
-
The insurer said its Lloyd’s presence underscores its London market commitment.
-
-
Property, PV and energy lines are driving the carrier’s growth, offsetting long-tail declines
-
The Bermudian booked lower cat losses and lower adverse development in Q4.
-
The carrier’s top line grew by 6.5% to $164.9mn during the quarter.
-
The carrier has been growing its financial institutions team and recently appointed Mark Warrilow from Price Forbes.
-
IGI writes a worldwide upstream energy book, with a lead underwriting capability and maximum line size of $75mn.
-
The firm has experienced cumulative property rate increases of over 15%m while its treaty business is seeing rate rises of over 26%.
-
The company’s underwriting result in Q3 was also driven by higher premiums earned, which increased to nearly $109mn from over $96mn in Q3 last year.
Most Recent
-
Warburg and Kelso exercise 20% put options over Arch’s Somers Re
24 January 2025 -
Guy Carp pegs Eaton, Palisades insured loss at $30bn-$40bn
24 January 2025 -
Changing market cycles, competition and AI to dominate 2025: QBE
24 January 2025 -
Daily Digest: Top news from 24 January
24 January 2025 -
Allianz Commercial names Ly commercial MD for UK
24 January 2025 -
Ki completes separation from Brit
24 January 2025