Friday 17 March 2023

Bermuda-domiciled speciality risks commercial insurer International General Insurance Holdings Ltd. (NASDAQ: IGIC) has acquired Norway-based managing general agency Energy Insurance Oslo AS, the company said.

The transaction included the acquisition of all outstanding shares of EIO. The entity, which is expected to be renamed IGI Nordic AS, is a subsidiary of Bermuda-based International General Insurance Co. Ltd. Additional terms were not disclosed.

IGI has had an exclusive arrangement with EIO since 2009, writing a portfolio of energy and construction business in Norway.

IGI is an international speciality risks commercial insurer and reinsurer underwriting a diverse portfolio of speciality lines.

IGI has a worldwide portfolio of energy, property, general aviation, construction & engineering, ports & terminals, marine cargo, marine trades, contingency, political violence, financial institutions, general third-party liability (casualty), legal expenses, professional indemnity, D&O, marine liability and reinsurance treaty business.