IGI SPAC Presentation Deck

Specialty (Re)Insurer With 17-Yr Track Record Maximizing Total Value Creation Highly-rated international specialist (re)insurer with 17-year track record and an A (Excellent) AM Best rating with a Stable Outlook and an A- S&P rating with a Stable Outlook 2019E GPW $340mm Financial Leverage 0% Cash & Short Term Deposits as % of Total Investable Assets 50%+ 6/30/19 Shareholders' Equity $309mm AM Best Rating A (EXCELLENT) S&P Rating A-(STABLE) Total Value Creation 10-Year CAGR(1) 10% Combined Ratio (Last 10 Years Avg.) 91% Favorable Development Over Last 5 Years (2) 12% Operating ROE (Last 10 Years Avg.) 10% Dividend Payout Ratio 40% ● ● ● ● Bermuda Diverse specialty business lines with market recognized expertise in energy, property, ports & terminals, financial institutions, and professional liability Global geographical footprint with exposures in 200+ countries and territories supported by operations in UK, Middle East, North Africa and Asia Opportunity to invest alongside Jabsheh family who will retain 24% ownership in Pro Forma Company (3) London Casablanca Dubai International General Insurance Holdings Limited Amman Kuala Lumpur Demonstrated Track Record of Double-Digit Compounding of Tangible Book Value Plus Dividends Through Focused Underwriting, Strong Cycle Management, Conservative Investment Philosophy and Cost Efficient Structure Source: Financial information for the year ended 12/31/2018 unless otherwise noted. Annual accounts, management information. Note: Financial statements of IGI have been prepared in accordance with International Financial Reporting Standards (IFRS), as adopted by the International Accounting Standards Board. (1) Total Value Creation defined as Tangible Book Value per Share growth plus cumulative dividends for 2009-2018 period. (2) Average reserve development as % of NPE. (3) Assumes no redemptions by Tiberius shareholders and acquisition price of $376mm assuming 6/30/2019 book value of $309mm (after adding back IGI transaction expenses) and acquisition P/B multiple of 1.22x. 5

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