S&P: International General Insurance unchanged

Standard & Poor's said its ratings and outlook on International General Insurance Co. Ltd. Jordan (BBB/positive) are unaffected by today's announcement that the Bermuda Monetary Authority has approved the company's application to set up as a class three reinsurer.

The incorporation date of the company is May 2, the agency noted.

S&P said that IGI Bermuda will be the main underwriting company of the group and the Amman, Jordan, office will continue to be the focal underwriting center.

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