S&P upgrades IGI's financial strength rating

Standard & Poor’s (S&P) has upgraded International General Insurance (IGI)’s financial strength rating from “A-” to “A,” with a stable outlook.

The upgrade applies to IGI’s three subsidiaries: IGI Bermuda, International General Insurance (UK), and International General Insurance Europe.

In addition, S&P raised IGI Bermuda’s long-term credit rating from “A-” to “A,” also with a stable outlook.

According to the agency, IGI’s performance continues to surpass both its highest-rated competitors and the broader market average in terms of technical results. S&P expects the company to sustain its strong performance over the next two years.