Trump says Nvidia not allowed to sell advanced AI chips to China- 60 Minutes
LONDON - International General Insurance Holdings Ltd. (NASDAQ:IGIC), a $959 million market cap insurer trading at an attractive P/E ratio of 8, has appointed London market veteran Malcolm Barnes as Head of Specialty Treaty, based in the company’s London office, according to a press release statement. According to InvestingPro analysis, the company appears undervalued at current prices.
Barnes, who brings over 35 years of experience in the London insurance market, will be responsible for building and managing IGI’s specialty treaty reinsurance business. He joins IGI from Amlin Syndicate 2001, where he led the marine treaty reinsurance team. Previously, Barnes held senior positions in specialty reinsurance lines at various Lloyd’s syndicates.
In his new role, Barnes will add dedicated London presence to IGI’s reinsurance operations, with a particular focus on expanding the company’s treaty portfolio in marine, energy, and terror/political violence sectors.
"He comes with significant underwriting experience and will be a strong fit as IGI continues to build its treaty reinsurance portfolio," said Chris Jarvis, IGI Chief Underwriting Officer.
IGI, established in 2001 and headquartered in Bermuda, operates as an international specialty risks commercial insurer and reinsurer. The company maintains operations across multiple locations including Bermuda, London, Malta, Dubai, Amman, Oslo, Kuala Lumpur, and Casablanca.
The company currently holds an A (Excellent) rating with stable outlook from AM Best and an A- (Strong) rating with stable outlook from S&P Global Ratings.
In other recent news, International General Insurance Holdings Ltd (IGIC) reported its second-quarter 2025 earnings, surpassing expectations with earnings per share (EPS) of $0.77, compared to the anticipated $0.60. This represents a 28.33% positive surprise for investors. However, the company’s revenue did not meet forecasts, coming in at $115 million, which is below the expected $133.8 million, resulting in a 14.05% negative surprise. These developments highlight the mixed financial performance for IGIC, with strong earnings but weaker-than-expected revenue. Despite the revenue shortfall, the earnings beat indicates potential operational efficiencies or cost management improvements. Analyst reactions to these results could influence future stock evaluations. Investors will be closely monitoring how IGIC addresses its revenue challenges moving forward.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.