IGI Q1 loss ratio climbs 13.3 points to 45.7% on higher cat losses
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IGI Q1 loss ratio climbs 13.3 points to 45.7% on higher cat losses

Jairo Ibarra
May 16, 2023
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International General Insurance’s (IGI) Q1 loss ratio rose 13.3 points to 45.7% while the carrier’s combined ratio increased to 78.4% from 71.8%.

The (re)insurer’s losses were driven by catastrophe events including the earthquake in Turkey and flooding in New Zealand from Cyclone Gabrielle, both in February.

Cat

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Jairo Ibarra
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