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IGIH reports net profit of $18.5m for H1

Dubai, August 12, 2014

International General Insurance Holdings (IGIH) has reported earnings of $18.5 million for the first half of this financial year, as compared to $21.32 million for the same period in 2013.

Wasef Jabsheh, vice chairman and chief executive officer of IGIH, said: “Although we were unable to surpass last year’s profits for the first half, our results were in line with our projections given the soft market the industry is facing. Attaining a combined ratio of 87.64 per cent in the current environment continues to prove that IGI remains focused on writing profitable business whilst firmly managing risk and expenses.” – TradeArabia News Service

 




Tags: Insurance | profit | IGIH |

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