Home

Articles from IGI

IGI Reports Third Quarter and First Nine Months of 2023 Condensed and Unaudited Financial Results
International General Insurance Holdings Ltd. (“IGI” or the “Company”) (NASDAQ: IGIC) today reported financial results for the third quarter and first nine months of 2023. Since January 1, 2023, IGI’s results have been reported in accordance with Generally Accepted Accounting Principles in the United States of America ("U.S. GAAP"). As a result of the voluntary change to U.S. GAAP, the Company no longer reports financial information in accordance with IFRS. Prior period comparatives for the third quarter and first nine months of 2022 have been adjusted from those previously reported to conform with the current basis of accounting under U.S. GAAP.
By IGI · Via Business Wire · November 14, 2023
IGI Announces Extension of the Expiration Date of the Offer to Purchase and Consent Solicitation Relating to its Warrants
International General Insurance Holdings Ltd. (“IGI” or the “Company”) (Nasdaq: IGIC) today announced that it has extended the expiration date of its previously commenced offer to purchase (the “Offer”) all of its outstanding public warrants and private warrants (collectively, the “Warrants”) to purchase its common shares, par value $0.01 per share, at a purchase price of $0.95 in cash, without interest, to 12:00 midnight, Eastern Time at the end of the day on September 18, 2023, unless further extended or terminated, pending the ongoing SEC review of the disclosure related to the Offer. The Offer was previously scheduled to expire at 12:00 midnight, Eastern Time, at the end of the day on September 7, 2023. As of 5:00 p.m. Eastern Time on August 29, 2023, (i) 5,523,850 Public Warrants had been validly tendered and not validly withdrawn from the Offer, representing approximately 32% of the outstanding Public Warrants and (ii) 4,500,000 Private Warrants had been validly tendered and not validly withdrawn from the Offer, representing 100% of the outstanding Private Warrants, which cumulatively comprised approximately 58% of all outstanding Warrants. The Offer may be extended further in accordance with the applicable rules and regulations of the U.S. Securities and Exchange Commission (“SEC”).
By IGI · Via Business Wire · August 30, 2023
IGI Reports Second Quarter and First Half Year 2023 Condensed and Unaudited Financial Results
International General Insurance Holdings Ltd. (“IGI” or the “Company”) (NASDAQ: IGIC) today reported financial results for the second quarter and first six months of 2023. Beginning on January 1, 2023, IGI’s results have been reported in accordance with Generally Accepted Accounting Principles in the United States of America ("U.S. GAAP"). As a result of the voluntary change to U.S. GAAP, the Company no longer reports financial information in accordance with IFRS. The prior period comparatives for the second quarter and first six months of 2022 have been adjusted from those previously reported to conform with the current basis of accounting under U.S. GAAP.
By IGI · Via Business Wire · August 15, 2023
IGI to Release Second Quarter and Half Year 2023 Financial Results on August 15, 2023
International General Insurance Holdings Ltd. (“IGI” or the “Company”) (NASDAQ: IGIC) today announced that it expects to release financial results for the second quarter and first six months of 2023, on Tuesday, August 15, 2023, after the close of the U.S. financial markets.
By IGI · Via Business Wire · July 21, 2023
IGI Announces Completion of the Acquisition of Norway-based MGA Energy Insurance Oslo
International General Insurance Holdings Ltd. (“IGI” or the “Company”) (NASDAQ: IGIC) today announced the completion of the acquisition of Norway-based managing general agency Energy Insurance Oslo AS (“EIO”).
By IGI · Via Business Wire · March 15, 2023
IGI Reports Fourth Quarter and Full Year 2022 Condensed and Unaudited Financial Results
International General Insurance Holdings Ltd. (“IGI” or the “Company”) (NASDAQ: IGIC) today reported financial results for the fourth quarter and full year of 2022.
By IGI · Via Business Wire · March 2, 2023
IGI Announces Quarterly Ordinary Common Share Dividend
International General Insurance Holdings Ltd. (“IGI” or the “Company”) (NASDAQ: IGIC) today announced that its Board of Directors has declared an ordinary common share dividend of $0.01 per share for the period July 1, 2022 – September 30, 2022. The dividend is payable on December 14, 2022 to shareholders of record at the close of business on November 29, 2022.
By IGI · Via Business Wire · November 14, 2022
IGI Reports Third Quarter and Nine Months 2022 Condensed and Unaudited Financial Results
International General Insurance Holdings Ltd. (“IGI” or the “Company”) (NASDAQ: IGIC) today reported financial results for the third quarter and first nine months of 2022.
By IGI · Via Business Wire · November 10, 2022
IGI Names London Market Veteran Chris Jarvis as Chief Underwriting Officer
International General Insurance Holdings Ltd. (“IGI” or the “Company”) (NASDAQ: IGIC) today announced that it has appointed Christopher Jarvis to the role of Chief Underwriting Officer of the IGI Group, effective today.
By IGI · Via Business Wire · October 3, 2022
CORRECTING and REPLACING IGI Announces Quarterly Ordinary Common Share Dividend
First paragraph, second sentence of release dated August 19, 2022 01:30 PM British Summer Time should read: The dividend is payable on September 20, 2022 to shareholders of record at the close of business on September 5, 2022, with IGIC trading ex-dividend on September 1, 2022.
By IGI · Via Business Wire · August 22, 2022
IGI Announces Intention to Acquire Norway-based MGA Energy Insurance Oslo
International General Insurance Holdings Ltd. (“IGI” or the “Company”) (NASDAQ: IGIC) announced today that it has signed a non-binding letter of intent to acquire Energy Insurance Oslo AS (“EIO”), a managing general agency duly incorporated under the laws of Norway.
By IGI · Via Business Wire · August 2, 2022
IGI Announces Active Capital Management Plan, including a New Quarterly Ordinary Common Share Dividend of $0.01 per Common Share and a New Share Repurchase Authorization of up to 5 Million Common Shares
International General Insurance Holdings Ltd. (“IGI” or the “Company”) (Nasdaq: IGIC) today announced that its Board of Directors has approved a capital management plan that includes a new ordinary common share dividend to be paid quarterly and an increased share repurchase authorization.
By IGI · Via Business Wire · May 23, 2022
IGI Announces that it has Filed its Full Year 2021 Annual Report on Form 20-F, including Audited Financial Statements, with the SEC
International General Insurance Holdings Ltd. (“IGI” or the “Company”) (NASDAQ: IGIC) today announced that it has filed its Annual Report on Form 20-F, which includes the Company’s audited financial statements for the year ended December 31, 2021, with the U.S. Securities and Exchange Commission (“SEC”).
By IGI · Via Business Wire · April 13, 2022
IGI’s Financial Strength Ratings Affirmed by AM Best Global
International General Insurance Holdings Ltd. (“IGI” or the “Company”) (NASDAQ: IGIC) today announced that AM Best has affirmed its financial strength ratings at A (Excellent) with a Stable outlook.
By IGI · Via Business Wire · November 8, 2021
IGI to Restate Financial Statements in Response to the SEC Staff Statement for Warrants Issued by Special Purpose Acquisition Companies (SPACs)
International General Insurance Holdings Ltd. (“IGI” or the “Company”) (NASDAQ: IGIC) announced today that it will file restated consolidated financial statements as of and for the year ended December 31, 2020 and also amend its previously published quarterly financial results for 2020 and 2021 as a result of further consideration of a statement issued by the Securities and Exchange Commission (“SEC”) (the “SEC Staff Statement”) on April 12, 2021, with respect to the accounting treatment for warrant instruments issued by Special Purpose Acquisition Companies (SPACs).
By IGI · Via Business Wire · October 15, 2021
IGI Reports Second Quarter and Half-Year 2021 Financial Results
International General Insurance Holdings Ltd. (“IGI” or the “Company”) (NASDAQ: IGIC) today reported financial results for the second quarter and first six months of 2021.
By IGI · Via Business Wire · August 12, 2021
IGI to Release Second Quarter and Half Year 2021 Financial Results on August 12, 2021
International General Insurance Holdings Ltd. (“IGI” or the “Company”) (NASDAQ: IGIC) today announced that it expects to release financial results for the second quarter and half year ended June 30, 2021, on Thursday, August 12, 2021, after the close of the financial markets.
By IGI · Via Business Wire · July 21, 2021