IGI
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Newly appointed CEO Chris Jones also joins the board. -
The carrier reported $2.8mn of favourable development compared to a $3.3mn charge a year ago.
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The company has written over $100mn in gross premium in the US this year.
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Losses were attributed to the Taiwan earthquake and flooding in Middle East and Europe.
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IGI’s reinsurance unit lifted underwriting profits but short-tail specialty dropped year-on-year.
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The insurer said its Lloyd’s presence underscores its London market commitment.
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Property, PV and energy lines are driving the carrier’s growth, offsetting long-tail declines
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The Bermudian booked lower cat losses and lower adverse development in Q4.
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The carrier’s top line grew by 6.5% to $164.9mn during the quarter.
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The carrier has been growing its financial institutions team and recently appointed Mark Warrilow from Price Forbes.
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IGI writes a worldwide upstream energy book, with a lead underwriting capability and maximum line size of $75mn.
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