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.
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