IGI SPAC Presentation Deck slide image

IGI SPAC Presentation Deck

Evolution Into a Global Specialty (Re)Insurer $50mm capital raise 2002 Commenced operations in Jordan, underwriting energy, property and engineering business Kuala Lumpur office transformed to Asia Pacific hub AM Best upgraded IGI's credit ratings to A (Excellent) 2019 $75mm capital raise 2005 Assigned BBB rating by S&P Commenced underwriting reinsurance business Commenced underwriting Renewable Energy business Commenced underwriting Inherent Defects business 2018 2006 Established Holding Company in DIFC(1) Established Labuan Branch Commenced underwriting Legal Expenses business ~$550mm market cap. Specialty (Re)Insurer(3) AM Best raises IGI's rating to A- (Positive) 2017 Commenced underwriting Casualty business Commenced underwriting Directors' & Officers' business New brand launched 2016 2007 Established Bermudian subsidiary Commenced underwriting business in Financial Lines Purchased majority shareholding of SR Bishop S&P raises IGI's rating to A- (Stable) Commenced underwriting Forestry business 2015 2008 Assigned BBB+ rating by S&P and A- rating by A.M. Best Established IGI Dubai in DIFC S&P raised IGI's rating from BBB+ 'stable' to BBB+ 'positive' Established office in Casablanca 2014 2009 Commenced underwriting General Aviation business Commenced underwriting Professional Indemnity business Acquired SR Bishop and renamed to North Star Commenced underwriting Political Violence business 2013 2010 Established FSA (2) regulated UK subsidiary Commenced underwriting Ports & Terminals business IGI Dubai commences operations as an agency 201 Source: Public filings. (1) Dubai International Financial Center. (2) FCA previously known as FSA. (3) Represents estimated pro forma market capitalization of IGI; Assumes no redemptions by Tiberius shareholders and an 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. International General Insurance Holdings Limited 6
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