{"id":469551,"date":"2021-04-01T08:03:28","date_gmt":"2021-04-01T12:03:28","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=469551"},"modified":"2021-04-01T08:03:28","modified_gmt":"2021-04-01T12:03:28","slug":"igi-appoints-richard-foster-as-head-of-property-political-violence-and-contingency-businesslaunches-new-contingency-insurance-business-line","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/igi-appoints-richard-foster-as-head-of-property-political-violence-and-contingency-businesslaunches-new-contingency-insurance-business-line\/","title":{"rendered":"IGI Appoints Richard Foster as Head of Property, Political Violence and Contingency Business;Launches New Contingency Insurance Business Line"},"content":{"rendered":"

<\/p>\n

IGI Appoints Richard Foster as Head of Property, Political Violence and Contingency Business;<\/b><\/p>\n

Launches New Contingency Insurance Business Line<\/b><\/p>\n

HAMILTON, Bermuda–(BUSINESS WIRE<\/a>)–
\nInternational General Insurance Holdings Ltd. (\u201cIGI\u201d or the \u201cCompany\u201d) (NASDAQ: IGIC) today announced that Richard Foster has joined the Company, based in its London office.\n<\/p>\n

\nAs Head of Property, Political Violence and Contingency, Foster will be responsible for the Company\u2019s property and political violence lines of business, and the newly created contingency insurance line of business. The Company will be launching the contingency line of business to take advantage of the considerable opportunity in this line stemming from market dislocation caused by COVID-19.\n<\/p>\n

\nFoster, who has 24 years of specialty lines underwriting experience, joins from London-based Agile Risk Partners, where he was Director of Underwriting. Previously, he was Head of Global Property, London for Zurich Insurance PLC and Brit Global Specialty, and prior to that held senior roles with Allied World (AWAC).\n<\/p>\n

\nThe contingency line will primarily cover event cancellation, interruption or curtailment of events, non-appearance, and\/or other contractual obligations.\n<\/p>\n

\n\u201cWe are excited to welcome Richard to IGI,\u201d said IGI UK CEO Mr. Andreas Loucaides. \u201cHe comes with significant underwriting experience and will be a strong fit as IGI continues to grow and evolve. The addition of the contingency line of business complements our existing portfolio of specialty risks, and consistent with our measured underwriting approach, we will develop the contingency business with the same level of pragmatism and commitment to underwriting profitability.\u201d\n<\/p>\n

\n—\n<\/p>\n

About IGI:
\n
<\/strong>IGI is an international specialty risks commercial insurer and reinsurer underwriting a diverse portfolio of specialty lines. Established in 2001, IGI has a worldwide portfolio of energy, property, general aviation, construction & engineering, ports & terminals, marine cargo, political violence, financial institutions, general third-party liability (casualty), legal expenses, professional indemnity, D&O, surety, marine trades, marine liability, and reinsurance treaty business. Registered in Bermuda, with operations in Bermuda, London, Dubai, Amman, Labuan and Casablanca, IGI aims to deliver outstanding levels of service to clients and brokers. IGI is rated \u201cA\u201d (Excellent)\/Stable by AM Best and \u201cA-\u201d\/Stable by S&P Global Ratings. For more information about IGI, please visit www.iginsure.com<\/a>.\n<\/p>\n

\n—\n<\/p>\n

Forward-Looking Statements:
\n
<\/strong>This press release contains \u201cforward-looking statements\u201d within the meaning of the \u201csafe harbour\u201d provisions of the Private Securities Litigation Reform Act of 1995. The expectations, estimates, and projections of the business of IGI may differ from its actual results and, consequently, you should not rely on forward-looking statements as predictions of future events. Words such as \u201cexpect,\u201d \u201cestimate,\u201d \u201cproject,\u201d \u201cbudget,\u201d \u201cforecast,\u201d \u201canticipate,\u201d \u201cintend,\u201d \u201cplan,\u201d \u201cmay,\u201d \u201cwill,\u201d \u201ccould,\u201d \u201cshould,\u201d \u201cbelieves,\u201d \u201cpredicts,\u201d \u201cpotential,\u201d \u201ccontinue,\u201d and similar expressions are intended to identify such forward-looking statements. Forward-looking statements contained in this press release may include, but are not limited to, information regarding our estimates of losses for catastrophes and other large losses including losses related to the COVID-19 pandemic, measurements of potential losses in the value of our investment portfolio, our expectations regarding the performance of our business, our financial results, our liquidity and capital resources, the outcome of our strategic initiatives, our expectations regarding pricing and other market conditions, our growth prospects, and valuations of the potential impact of movements in interest rates, credit spreads, equity securities’ prices and foreign currency rates. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside of the control of IGI and are difficult to predict. Factors that may cause such differences include, but are not limited to: (1) changes in demand for IGI\u2019s services together with the possibility that IGI may be adversely affected by other economic, business, and\/or competitive factors globally and in the regions in which it operates; (2) competition, the ability of IGI to grow and manage growth profitably and IGI\u2019s ability to retain its key employees; (3) changes in applicable laws or regulations; (4) the outcome of any legal proceedings that may be instituted against the Company; (5) the potential effects of the COVID-19 pandemic; (6) the inability to maintain the listing of the Company\u2019s common shares or warrants on Nasdaq; and (7) other risks and uncertainties indicated in IGI\u2019s annual report on Form 20-F for the year ended December 31, 2019, including those under \u201cRisk Factors\u201d therein, and in the Company\u2019s other filings with the SEC. The foregoing list of factors is not exclusive. In addition, forward-looking statements are inherently based on various estimates and assumptions that are subject to the judgment of those preparing them and are also subject to significant economic, competitive, industry and other uncertainties and contingencies, all of which are difficult or impossible to predict and many of which are beyond the control of IGI. There can be no assurance that IGI\u2019s financial condition or results of operations will be consistent with those set forth in such forward-looking statements. You should not place undue reliance upon any forward-looking statements, which speak only as of the date made. IGI does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions, or circumstances on which any such statement is based.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210401005387\/en\/<\/a><\/span><\/p>\n

IGI Contacts: <\/b><\/p>\n

I<\/b>nvestors:
\n<\/strong>
Robin Sidders, Head of Investor Relations
\n
T: + 44 (0) 2072 204937
\n
M: + 44 (0) 7384 514785
\n
Email: robin.sidders@iginsure.com<\/a><\/p>\n

Media:
\n<\/b>
Aaida Abu Jaber, AVP PR & Marketing
\n
T: +96265662082 Ext. 407
\n
M: +962770415540
\n
Email: aaida.AbuJaber@iginsure.com<\/a><\/p>\n

KEYWORDS:<\/b> Europe Caribbean United Kingdom Bermuda<\/p>\n

INDUSTRY KEYWORDS:<\/b> Consulting Professional Services Insurance Finance<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

IGI Appoints Richard Foster as Head of Property, Political Violence and Contingency Business; Launches New Contingency Insurance Business Line HAMILTON, Bermuda–(BUSINESS WIRE)– International General Insurance Holdings Ltd. (\u201cIGI\u201d or the \u201cCompany\u201d) (NASDAQ: IGIC) today announced that Richard Foster has joined the Company, based in its London office. As Head of Property, Political Violence and Contingency, Foster will be responsible for the Company\u2019s property and political violence lines of business, and the newly created contingency insurance line of business. The Company will be launching the contingency line of business to take advantage of the considerable opportunity in this line stemming from market dislocation caused by COVID-19. Foster, who has 24 years of specialty lines underwriting experience, joins from London-based Agile Risk … <\/p>\n

Continue reading “IGI Appoints Richard Foster as Head of Property, Political Violence and Contingency Business;Launches New Contingency Insurance Business Line”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-469551","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nIGI Appoints Richard Foster as Head of Property, Political Violence and Contingency Business;Launches New Contingency Insurance Business Line - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/igi-appoints-richard-foster-as-head-of-property-political-violence-and-contingency-businesslaunches-new-contingency-insurance-business-line\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IGI Appoints Richard Foster as Head of Property, Political Violence and Contingency Business;Launches New Contingency Insurance Business Line - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"IGI Appoints Richard Foster as Head of Property, Political Violence and Contingency Business; Launches New Contingency Insurance Business Line HAMILTON, Bermuda–(BUSINESS WIRE)– International General Insurance Holdings Ltd. (\u201cIGI\u201d or the \u201cCompany\u201d) (NASDAQ: IGIC) today announced that Richard Foster has joined the Company, based in its London office. As Head of Property, Political Violence and Contingency, Foster will be responsible for the Company\u2019s property and political violence lines of business, and the newly created contingency insurance line of business. The Company will be launching the contingency line of business to take advantage of the considerable opportunity in this line stemming from market dislocation caused by COVID-19. 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(\u201cIGI\u201d or the \u201cCompany\u201d) (NASDAQ: IGIC) today announced that Richard Foster has joined the Company, based in its London office. As Head of Property, Political Violence and Contingency, Foster will be responsible for the Company\u2019s property and political violence lines of business, and the newly created contingency insurance line of business. The Company will be launching the contingency line of business to take advantage of the considerable opportunity in this line stemming from market dislocation caused by COVID-19. 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