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Stock impact report

AM Best Affirms Credit Ratings of International General Insurance Holdings Ltd. and Its Subsidiaries

International General Insurance Holdings Ltd. - Ordinary Shares (IGIC) 
Company Research Source: Business Wire
LONDON--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a” (Excellent) of International General Insurance Co. Ltd., (IGICL) (Bermuda), International General Insurance Company (UK) Limited (IGIUK) (United Kingdom) and International General Insurance Company (Europe) Ltd. (IGI Europe) (Malta). Concurrently, AM Best has affirmed the Long-Term ICR of “bbb” (Good) of International General Insurance Holdings Ltd. (IGI) (Bermuda) [NASDAQ: IGIC]. The outlook of these Credit Ratings (ratings) is stable.The ratings reflect IGI’s consolidated balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, limited business profile and appropriate enterprise risk management. The ratings of IGICL, IGIUK and IGI Europe reflect their strategic importance to IGI.IGI’s balance sheet strength assessment is underpinned by its consolidated risk-adjusted capitalis Show less Read more
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