1. International General Insurance Company appoints GordonSteward as
Forestry UnderwriterinLondon
London, 8 June, 2015: International General Insurance Holdings (IGIH) has announced it has
appointed Gordon Steward as Forestry Underwriter in its London business IGI UK.
Gordon has almost 30 years’ reinsurance industry experience and joins from CatlinSyndicate
2003, where he was Forestry Class Underwriter. Gordon started his career at Cornhill
Insurance before moving to Iron Trades Insurance, QBE Insurance (Europe), Allianz Global
Corporate & Specialty, ForestRe and Oamps Special Risks Insurance Brokers, before joining
Catlin Syndicate 2003 in 2011.
IGI UK also recently announced that it has recruited Barry Marren from Markel Insurance as
International D&F Property Underwriter, Maria Fahy, who was most recently at Chaucer
Syndicate at Lloyd’s, as Treaty Underwriter, and Joanne Forester, who was with United
Insurance Brokers, as Aviation Underwriter.
“I am delighted to welcome Gordon to the team in London,” said Andreas Loucaides, Chief
Executive Officer of IGI UK. “Gordon is an extremely experienced reinsurance professional
and his appointment is part of our ongoing commitment to strengthening the depth of our
underwriting talent.”
IGIH, which is registered in Dubai with operations in Bermuda, Jordan, Malaysia, Morocco,
and London, reported net profits of $34.34 million in 2014, a 9.9% increase on the net
earnings of $31.26 million posted in 2013.
Ends
Issued by rein4ce on behalf of IGI UK. For further information, call Stephen Breen on +44
(0)7843 076556 or email stephen@rein4ce.co.uk
About IGIH:
International General Insurance Holdings Limited (IGIH) is registered in the Dubai
International FinancialCentre (DIFC)with operations in Bermuda, Jordan, Malaysia,Morocco
and a wholly owned subsidiary in the U.K.
IGI Bermuda is a class 3B (re)insurer regulated by the Bermuda Monetary Authority (BMA).
This subsidiary is the principal underwriting entity for the Group. The Group also has a
branch in Labuan, Malaysia, registered as a second-tier offshore reinsurer.
2. IGI Bermuda is rated A- with a stable outlook by Standard & Poor’s and A- (Excellent) with a
stable outlook by A.M Best Company.
IGI UK is rated A- (Excellent) by A.M Best Company and Standard & Poor’s.
IGI Group of companies underwrites a worldwide portfolio of energy, property, marine,
engineering, casualty, financial institutions, general aviation, ports & terminals, political
violence and non-proportional reinsurance treaty business with the main geographical focus
being the Afro-Asian markets.
IGIH has assets in excess of US$ 710 million as at 31st December, 2014.
For more information, please visit www.iginsure.com or email info@iginsure.com