IGI full-year 2016 profits slip

Dubai-based carrier International General Insurance Holdings
(IGI) reported an 8.3 percent drop in net profits for full-year
2016, amid a decline in underwriting income.
Net underwriting profit fell by 3.8 percent to $50.2mn in 2016.
The combined ratio deteriorated by 3.1 percentage points to 87.4
percent, as the firm was impacted by a 1 point increase to the loss
ratio, taking it to 45.5 percent.
IGI's return on equity declined to 10.3 percent from 12.3
percent the previous year.
The...