IGI Appoints Jabsheh as Executive Director, IGI UK, in Expanded Company Role

International General Insurance Holdings Ltd. (IGI), the specialist commercial insurer and reinsurer, has announced the appointment of Waleed Jabsheh as executive director of IGI UK as part of the company’s plans to grow in new and existing markets.

Jabsheh will convert from non-executive to executive director of the board at IGI UK, and in addition to his new role in London, he will maintain his position as president of IGI Bermuda.

Jabsheh, who is moving from Amman, Jordan, has been with IGI since its foundation in 2002. As president of the company, he has been instrumental in the development of IGI and will now help to accelerate the company’s future growth plans.

Based in London, he will assist IGI UK Chief Executive Officer Andreas Loucaides in growing the company’s international business and is tasked with devising a strategy to achieve scale with a focused purpose.

Jabsheh will be responsible for overseeing all aspects of the underwriting function in the UK and enhancing its international portfolio of business, which currently accounts for 70 percent of the company’s gross premium income. He will also oversee IGI’s growth ambitions, which includes enhancing its geographic platforms and expanding business lines and underwriting teams.

Jabsheh said he was looking forward to working closely with IGI’s London team and steering the company “into an exciting new phase of development.”

“We have established a platform for a truly global company, with offices in Dubai, London, Amman, Bermuda, Casablanca and Kuala Lumpur. We are moving forward with a clear strategic plan in place as we continue laying down the tracks for future success, which is consistent with our philosophy of prudent underwriting and continued profitability,” he added.

IGI currently writes approximately $240 million in gross written premium and is looking “to profitably expand its profile from its Middle Eastern roots into an international operation, writing business worldwide.”

Welcoming the move, Loucaides said: “London is an important trading center for IGI, with the majority of our senior underwriters based in the city writing international business. Waleed’s move is a significant step for the development of the business, where I look forward to working closely with him as we lead the business through its next phase of growth.”

Source: International General Insurance Holdings

Topics London