IGI Receives Provisional NAIC Approval
International General Insurance Holdings Limited announced that its Bermuda subsidiary, International General Insurance Company Ltd., has been granted provisional approval by the National Association of Insurance Commissioners [NAIC] to begin writing U.S. excess and surplus lines business effective April 1, 2020, pending execution of the IGI Bermuda U.S. E&S lines trust agreement which is currently in progress.
“It is expected that IGI Bermuda will be named on the NAIC’s April Quarterly Listing of Alien Insurers,” the company said. “IGI Bermuda intends to write short-tail U.S. E&S business in energy, property and political violence specialty lines.”
