IGI H1 underwriting profit declines

International General Insurance (IGI) reported a more than 22
percent decline in underwriting profit in the first half, despite
slightly lower claims.
Underwriting profit fell to just under $22.2mn, while the
combined ratio swelled by 7.9 points to 89.8 percent.
Net incurred claims fell by 4.6 percent to just under $34mn, IGI
said. The carrier provided no information about its expense
ratio.
The limited set of figures released by the privately held
company included the disclosure of a 54.9 perce