A.M. Best Inc Affirms rating

22^nd June, 2011

A.M. Best Inc Affirms rating

We are pleased to announce that A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of A- (Excellent) and the issuer credit rating of “a-“ of International General Insurance Company Limited (Bermuda) (IGI). The ICR of the parent company, International General Insurance Holdings Limited (IGIH), is also affirmed at “bbb-“ and the outlook for all ratings remains stable.

A.M. Best Europe has also assigned a financial strength rating of A- (Excellent) and an issuer credit rating of “a-“ to International General Insurance Company (UK) Limited, a newly formed wholly-owned subsidiary company of IGI operating in London.

Commenting on the above, Mr.  Wasef Jabsheh, Vice Chairman and Chief Executive   Officer   of   IGI   said “Despite the challenging environment we are operating in, IGI has continued to develop its market profile and achieve growth targets through disciplined underwriting.  I am very pleased with the affirmation of our rating.  This is a testament to our sound underwriting strategy, solid financial standing and superior operating performance in 2010.  We believe our London Company will contribute significantly to the expansion of our market base and achievement of our growth plans.”   

About IGI

International General Insurance Holdings Limited (IGIH) is registered in the Dubai International Financial Centre with operations in Bermuda, the United Kingdom, Jordan and Malaysia.

IGI Bermuda is class 3B (re)insurer regulated by the Bermuda Monetary Authority and is the principal underwriting entity for the Group with the Jordan office providing all management, underwriting and operational functions. The Group also has a subsidiary company in Labuan, Malaysia registered as a fist tier reinsurer.

IGI Group underwrites a worldwide portfolio of energy, property, marine, engineering, casualty, financial institutions, general aviation and non-proportional treaty business with the main geographical focus on the Afro-Asian markets.

IGIH has assets in excess of US$ 500 million as at 31^st March, 2011. For more information please visit our website at  www.iginsure.com

  Or e-mail us at info [at] iginsure [dot] com