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
6View entire presentation