Company Description
IGI - International General Insurance Co. Ltd. is a leading international specialist commercial insurer and reinsurer with a global portfolio of Energy, Property, Construction & Engineering, Ports & Terminals, Marine, Financial Institutions, General Aviation, Professional Indemnity, Casualty, Directors’ and Officers’, Legal Expenses, Political Violence, Contingency and Treaty Reinsurance. Registered in Bermuda as a limited liability company, with operational headquarters in Amman, Jordan and offices in London, Malta, Bermuda, Norway, Dubai, Kuala Lumpur and Casablanca, we aim to deliver outstanding levels of service to our clients and brokers.
Key Responsibilities
Assists in business planning and contribute to the corporate goals and objectives
Assists management establishing underwriting strategies, underlying policies and procedures with related guidelines in line with corporate direction.
Develop and manage the designated portfolio.
Develop and oversee pricing strategies in line with market opportunities and internal return expectations
Monitor the portfolio regularly to ensure disciplined risk selection, pricing and underwriting standards are adhered to.
Assist exposure management team in maintaining suitable aggregation and accumulation data to ensure compliance with all applicable risk appetite metrics.
Responsible for meeting plan targets and remains accountable for relevant variances
Review and analyse trends relative to the ongoing performance of the reinsurance portfolio, taking any corrective actions as and when required.
Assist and liaise with the Reinsurance Security Committee (RSC) in the design and purchasing of any outwards treaty protection (Retro) for the business line.
Participate in Outwards reinsurance reviews and recommending optimal covers for the portfolio.
Assist with wordings of any outwards treaty protections for the business line.
Ensure compliance with any CPD / regulatory requirements
Review and delegate underwriting authorities as deemed fit to cater to the business model
Assist in mentoring and career development for any direct reports.
Any other functions as delegated.
Key Attributes & Professional Qualifications
Post-graduation degrees and or professional accreditation will be preferred
Minimum 20 yrs experience in insurance industry with at least 5 years in senior management
Management courses
Fluent in written and oral English
A Proactive team Leader
In depth understanding of insurance and reinsurance principle & practices
Well versed with fundamentals of business planning, organizing, and running a specific business line.
Superior analytical, technical and decision-making skills
Good communication skills, with established broker following.
Presentable with mature composure
What We Do
Specialist commercial insurer and reinsurer, underwriting a diversified portfolio of specialty lines.
Since our inception in 2001, IGI has been committed to providing specialty lines insurance and reinsurance solutions to our clients’ complex risks. Our reputation is based on focused underwriting expertise, flexibility in responding to customer needs, and ensuring efficient and responsive claims handling, all underpinned by stable management and a strong balance sheet.
Domiciled in Bermuda as a limited liability company, with offices in London, Amman, Bermuda, Malta, Oslo, Dubai, Casablanca and Kuala Lumpur, IGI is listed on Nasdaq Capital Markets under the symbol “IGIC”.
We write 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, Contingency, and Reinsurance Treaty Business.
Our ratings reflect the financial strength of our business: “A” (Stable) from AM Best; “A-” (Stable) from S&P. In 2023, we had net earnings of $118.2 million. Our holding company has assets in excess of $1,837.9 million, as at 31 December 2023
