IGIHInternational General Insurance Holdings
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As we continue to strengthen our underwriting platforms and expand our geographic reach, I have confidence that IGIH will endure the current market environment and continue to generate our target rate of return.
64 per cent in the current environment continues to prove that IGIH remains focused on writing profitable business whilst firmly managing risk and expenses.
The Board of Directors of IGIH has proposed at its meeting of today dividends of $0.
The total assets of IGIH increased by 8 per cent to hit $608.
According to him, the IGIH shareholders' equity rose to $232.
Aa This was due to the group's policy of reducing exposure to certain catastrophe-prone regions, IGIH said C in a statement.
Wasef Jabsheh, Vice Chairman and Chief Executive Officer of IGIH, said, "2014 was another stellar year for IGI albeit being in a soft market environment.
Market conditions in 2011 proved to be challenging due to the excess market capacity," said Wasef Jabsheh, vice chairman and chief executive officer of IGIH.
Despite the aforementioned, IGIH was able to achieve record results through prudent underwriting and sound exposure management practices.
It should be noted that IGIH is registered in the Dubai International Financial Centre (DIFC) with wholly owned subsidiary Companies in Bermuda and Jordan.