IGI launches buying and selling at Lloyd’s of London

Beginning Could 9, Worldwide Common Insurance coverage Holdings Ltd (IGI) will start buying and selling actions at Lloyd’s of London, marking a big step in its world growth technique.

Headquartered in Bermuda, the corporate will function from Field 330A within the third gallery of Lloyd’s iconic underwriting room at One Lime Avenue in London.

IGI’s transfer into Lloyd’s underwriting room aligns with its targets of broadening distribution networks and elevating its model throughout the aggressive London insurance coverage market. The corporate will have interaction in a number of enterprise traces, using a rotating group of underwriters.

“That is an thrilling transfer for IGI at a time when strategic and worthwhile progress is a precedence for us. Having an organization field in Lloyd’s underwriting room, within the coronary heart of the London insurance coverage market, strengthens IGI’s profile and offers enhanced distribution capabilities in essentially the most environment friendly method,” mentioned Christopher Jarvis, group chief underwriting officer at IGI.

This comes simply as IGI introduced sturdy monetary outcomes for the primary quarter of 2024, with gross written premiums growing by 4.4% to $181.6 million and internet premiums growing to $114.5 million.

IGI has constructed a various portfolio throughout varied specialty threat sectors, together with vitality, property, and normal aviation because it was established in 2001. It maintains a powerful presence worldwide with operations in a number of areas corresponding to London, Malta, Dubai, and Kuala Lumpur, amongst others.