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    Nicolas Iacoviello • Piper Sandler & Co.

    Nicolas Iacoviello's questions to International General Insurance Holdings Ltd (IGIC) leadership

    Nicolas Iacoviello's questions to International General Insurance Holdings Ltd (IGIC) leadership • Q2 2025

    Question

    Nicolas Iacoviello of Dowling & Partners inquired about the decline in the net-to-gross written premium retention rate and the cession history of the non-renewed professional indemnity portfolio.

    Answer

    President & CEO Waleed Jabsheh explained the lower retention rate was driven by opportunistic facultative reinsurance buying to generate fee income and strategic expansions backed by reinsurer support. Regarding the non-renewed portfolio, he noted the cession rate had increased over time to around 80-85% as the book grew, and the non-renewal is a disciplined action to enhance future profitability with a minimal net impact.

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    Nicolas Iacoviello's questions to International General Insurance Holdings Ltd (IGIC) leadership • Q1 2025

    Question

    Nicolas Iacoviello of Piper Sandler & Co. asked for clarification on the professional indemnity (PI) portfolio under review, questioning if it was the same area that underwent remediation in Q3 2024 and seeking more detail on the specific underlying class causing issues.

    Answer

    Waleed Jabsheh, President and CEO, confirmed it is the same U.K.-based PI portfolio segment that has been underperforming. He noted that while the issue is not systemic, the company is reviewing it closely and may decide to discontinue that part of the business later in the year.

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