IGI SPAC Presentation Deck slide image

IGI SPAC Presentation Deck

→ Steadily Growing and Increasingly Diversified Specialty (Re)Insurer Accident Year GPW by Business Line ($mm) 2009-2019E CAGR: 8% $153 $179 $203 $226 $240 Strong Cycle Management $252 $242 $232 $275 $302 $340 I 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Specialty Short-Tail Property (15% of 2018 GPW) Specialty Short-Tail - Energy (27% of 2018 GPW) Specialty Short-Tail - Other (22% of 2018 GPW) Specialty Long-Tail (30% of 2018 GPW) Reinsurance (6% of 2018 GPW) International General Insurance Holdings Limited Risks vary from large hotels to industrial manufacturing and forestry Conservative in risks related to hazardous operations Growth prospects for Latin America, Africa, Japan and Far East Strong presence in major energy insurance hubs (e.g. UK, Norway and Dubai) Downstream: largely operating risks (e.g. property damage, business interruption, machinery breakdown) largely within the oil & gas and power & utilities sectors Upstream: coverage includes business interruption, property damage and loss of hire in a number of sub-classes Encompasses 5 lines: Ports & terminals, General Aviation, Engineering, Political violence Key lines include Professional indemnity, Financial institutions, Marine liabilities London-based Pl team established in 2014 followed by D&O and legal expenses in 2017 Largely written on annual practice policy basis Primarily property & medical expenses, mostly on XoL basis across ~90 countries I Preference for small-medium sized cedants with high-quality data and consistent underwriting Raising profile in treaty market Prudent Growth and Cycle Management Marked by Opportunistic Approach to Capitalizing on Market Dislocation Note: Financial statements of IGI have been prepared in accordance with International Financial Reporting Standards (IFRS), as adopted by the International Accounting Standards Board. Source: Annual accounts, management information. 13
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