IGI SPAC Presentation Deck

High ROAE 8 High Quality ROE with Limited Volatility Among Best-in-Class Peers 18.0% 15.0% 10 Year Average Operating ROAE 12.0% 9.0% 6.0% 3.0% 0.0% 12.0% LRE-LON P/BV: 1.72x RNR P/BV: 1.57x 10.0% HSX-LON P/BV: 1.90x BEZ-LON P/BV: 2.33x Historically strong, low- volatility ROE with no Debt and 50%+ of Investment Portfolio in Cash RE P/BV: 1.23x AXS P/BV: 1.03x ARGO P/BV: 1.19x IGI I International General Insurance Holdings Limited ACGL P/BV: 1.64x KNSL P/BV: 5.75x(1) JRVR P/BV: 1.56x 8.0% 6.0% 4.0% Standard Deviation of 10 Year Operating ROAE MKL P/BV: 1.48x (2) RLI P/BV: 4.10x 2.0% Avg. P/BV: 1.76x WRB P/BV: 2.06x 0.0% Low Volatility Book Value Growth Generated Through Consistently Strong, Lower Volatility Returns Note: Bubble size representative of P/BV multiple. Source: SNL Financial. Note: Financial statements of IGI have been prepared in accordance with International Financial Reporting Standards (IFRS), as adopted by the International Accounting Standards Board. Market data as of 11/29/2019. (1) Includes operating ROAE data for 2016 through 2018. (2) Represents standard deviation of annual ROES for peers for representative years. 19

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